Is the Home Office Deduction a Scam?

If you’re new to working out of your home you may be wondering if this is too good to be true or is the home office deduction a scam? It’s not, but there’s several factors to consider whether and how you claim it.
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In this video we’ll answer questions like is the home office deduction still allowed, what deductions can I claim for home office, can I take the home office deduction if I work from home, do I have to pay back home office deduction, and is there a home office deduction in 2022. Watch through the video or jump to a section below to answer your questions. If you need more information, reach out to one of our business professionals for a free consultation.

You can also consult the IRS page on claiming the simplified or regular method.

00:00 Beginning
00:34 Is the Home Office Deduction a Scam?
00:54 Employment Status Affects Your Home Office Deduction
01:34 Is It a Profit or Loss With Your Home Office Deductions?
02:07 The Possibility of an IRS Audit
02:36 Your Deduction Could Change If You Sell Your Home
04:37 The Home Office Deduction Might Be For You

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