Home office expenses might be one of the most feared business deductions due to concern over disallowance by the IRS. Thus, many taxpayers entitled to the deduction don’t claim it. If you use part of your home exclusively and regularly for conducting business, you may be able to deduct expenses such as mortgage interest, insurance, utilities, repairs, and depreciation for that area. You need to figure out the percentage of your home devoted to your business activities, utilities, repairs, and depreciation.
Jason Dinesen
Jason Dinesen is the President of Dinesen Tax & Accounting, P.C., a public accounting firm in Indianola, Iowa. His practice focuses on accounting and bookkeeping services, tax preparation and business advising to individuals with a business focus ranging from home-based businesses to multistate corporations and not-for-profits. Dinesen has extensive experience working with a third-party administrator of retirement plans and is a prior presenter of multiple 1099 seminars. Dinesen majored in corporate communications with a minor in management from Simpson College
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Stress, Change And Team Resilience Through Humor: An Intera…
Form W-9 Compliance: TIN Verification, B Notices, and Avoid…
Tattoos, hijabs, piercings, and pink hair: The challenges …
How to Give Corrective Feedback: The CARE Model - Eliminati…
AML Regulatory Insight for Q1 2025: Implementing recent cha…
Elevate Your Workplace Wellness: 10 Critical Wellness Facto…
How to Write Right for Better Business Communication
Gossip-Free: Leadership Techniques to Quell Office Chatter
Improving Employee Engagement & Retention Through Stay Inte…
Transforming Anger And Conflict Into Collaborative Problem …
Excel - Pivot Tables - The Key To Modern Data Analysis and …
Workplace Investigations 101: How to Conduct your Investiga…
Onboarding Best Practices for Millennial and All Employees
2025 Handbook Overhaul: Navigating Critical Updates! Federa…
Dealing With Difficult People In Life & Work
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Copilot and HR: An Introduction for HR Professionals
Beat Workplace Burnout: 10 Proven Techniques to Manage Your…