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Can you take a home office deduction?

If you found yourself working at home as a result of the “stay-at-home” coronavirus orders, you may be wondering if you will be able to take the Home Office Deduction on your individual tax return now that you have joined the telecommuting ranks.

As is often the case with tax questions, the answer is: “It depends.”

Access our detailed overview linked below that covers the background, old rules, recent tax law changes, current rules, and a possible alternative.

Click here to review home office deductions for telecommuters.

Article contributed by Michele Burkins.