As a small business owner, you're always looking for ways to reduce expenses and increase profits. One often-overlooked area is taking advantage of available tax deductions, particularly those related to your home office. Claiming home office tax deductions can significantly lower your tax burden. This comprehensive guide will walk you through everything you need to know about home office tax deductions as a small business owner, ensuring you maximize your savings while staying compliant with IRS regulations.

Understanding the Home Office Deduction: What it Is and Who Qualifies

The home office deduction allows self-employed individuals, freelancers, and small business owners to deduct expenses related to the portion of their home used exclusively and regularly for business purposes. It's crucial to understand the key terms