Is your home office tax deductible? #accounting #accountingtips

🏢 If you have an external business location and a home office for administrative tasks you can claim both for business expense deductions.
📑 Here’s How to Claim:
Sole Proprietorship/Single Member LLC: Deduct using Schedule C on your 1040.
S Corporation: Use an accountable plan for reimbursement.

🚫 The Rule: The home office area must be exclusive to the business for valid deductions.
🦷 Example: Even if you're a dentist with an external clinic, admin work done from home qualifies you for a home office deduction.

🚗 Bonus: Starting at your home office and traveling to your external office? That's a tax-deductible journey! Turn commutes into deductible automobile expenses.

Double up on deductions by maximizing the power of your home office. 🚀

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