Main Street Business cover image

#414 The Home Office Deduction

Main Street Business

00:00

The Home Office Deduction Is a Red Flag

Under the Tax Cuts and Jobs Act, when they increased the standard deduction, they took away the unreimbursed home office deduction. That used to be on a schedule A up until 2018. But when COVID hit, everybody's like, no, what happened to that right off? Oh, it's gone. So you have to have a business just to being an employee and having a home office,. There's no right off in there. The home office deduction is well established. Don't violate them.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app