Archives for December 2011

How Can I Deduct Costs Related to My Home for Business?

With the rising price of transportation costs, more and more people are choosing to work from home and many others are starting their own home-based businesses.  Often, these at-home workers have a dedicated office space in their homes and are eligible to take the Home Office Deduction on their taxes.  This deduction, however, can be a bit tricky so you’ll want to make sure you qualify if you want to claim it! The absolute most important aspect of your home office is that it must be used solely … [Read more...]