Taxpayers tend to shy away from taking the home office deduction, assuming that they will be targeted for increased scrutiny from the IRS. That is certainly possible, especially if your deductions are unusually large â but if you truly were entitled to the deduction, why wouldn t you take it?
You may feel that you have less incentive to itemize as the Tax Cuts and Jobs Act (TCJA) did away with many itemized deductions and nearly doubled the standard deduction. However, many self-employment deductions remain in place.
Assuming you reviewed IRS Publication 587, Business Use of Your Home, and determined that you qualify, what are the home office expenses you can write off? They are covered in IRS Form 8829, Expenses for Business Use of Your Home , and the corresponding instructions. You will need to file Form 8829 with your taxes to claim your deduction.
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