Home Offices: Specific Qualifications for Deductions but Many Expenses Qualify

Managing Associate, Shawna L. Theriault, CFP®, C.P.A., brings to the table a case study on a family that is wondering if the home office tax deduction will benefit them when the husband accepts a telecommuting position at work. She and hosts Troy Harmon, CFA, CVA, and Senior Associate Jarrett McKenzie, CFP®, CWS®, discuss the IRS requirements for a home office deduction and what are considered deductible expenses.