If you use part of your home for your business, you may qualify to deduct expenses for the business use of your home. Here are six facts from the IRS to help you determine if you qualify for the home office deduction.
For more information, see Publication 587, Business Use of Your Home. It's available at IRS.gov or by calling 800-TAX-FORM (800-829-3676).
As you answer simple questions about the use of your home for business, TaxACT will complete Form 8829, Schedule C and Form 1040 for you. Start your tax return now to see if you qualify for the home office deduction.
Use TaxACT DocVault, a free mobile app, throughout the year to track and save related receipts and documents. Then import your images into TaxACT Deluxe to save them with your tax return.
Additional IRS Resources:
IRS YouTube Videos:
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