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Are you one of the millions working from home as a result of the COVID-19 crisis? Are you eligible to claim the home office deduction and benefit fro the opportunity to deduct certain expenses on your tax return? The IRS has issued an advisory clarifying the requirements to qualify, the qualified expenses, and how to claim the deduction. We’re sharing the details in today’s blog.

Your advisor at Sharrard, McGee & Co., PA looks forward to answering any questions you may have about the home office deduction or any other change resulting from the COVID-19 pandemic that may impact your business. Please call us in High Point at (336) 884-0410 or in Greensboro at (336) 272-9777. 

 

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