HOME OFFICE DEDUCTION | The World of Accounting For Professional Accountants

deduction allowed for income tax purposes if certain requirements are met for maintaining an office in the home.Requirements are that the portion of a home is exclusively used on a regular basis as a principal place of business, or as a place for meeting with clients or customers in the normal course of the taxpayer's business. An additional requirement for employees holds that the office must be maintained only for the convenience of the employer.