Home Office Deduction: A Simple Guide on Eligibility and Claiming

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Tax Dives - Let’s go together!

Mission Tax and Financial Services (Voice by A.I.)

34 episodes

2 days ago

Welcome to the U.S. tax podcast, your go-to source for simplifying the complex world of taxes. Whether you’re navigating tax credits, maximizing deductions, or ensuring compliance, we break down the essential information that helps you save money and avoid costly mistakes. We understand the pain points of filing taxes—overwhelm, confusion, and missed opportunities. Our mission is to guide you through it all, so you can take control of your taxes with confidence and peace of mind. Tune in and turn tax stress into tax success! **Voice Production by Artificial Intelligence (A.I.)**

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All content for Tax Dives - Let’s go together! is the property of Mission Tax and Financial Services (Voice by A.I.) and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Home Office Deduction: A Simple Guide on Eligibility and Claiming

Tax Dives - Let’s go together!

6 minutes 10 seconds

1 year ago

Home Office Deduction: A Simple Guide on Eligibility and Claiming

In this episode, we unpack the 2023 Home Office Deduction, a valuable tax benefit for self-employed individuals and eligible employees working from home. We’ll cover the two methods for claiming the deduction—the Simplified Method and the Regular Method—and explain the eligibility criteria, including the need for exclusive and regular use of your home office. Learn how to gather the right documentation, file IRS Form 8829, and avoid common mistakes. Tune in to discover how to maximize this deduction and reduce your tax liability while working from home.