Home Office Tax Deduction: 2 Very Different Ways to Claim It
One way lets you deduct home office expenses easily; the other is harder, but might mean a bigger deduction. By: Donna Fuscaldo If you're self-employed and work from home, you may be able to save some bucks at tax time by using the home office tax deduction. (If you work from home as an employee because your boss lets you telecommute, you can't take the home office deduction.) Here are two ways to claim it: 1. The complicated way. Fill out IRS Form 8829 — all 44 lines of it.