Small business owners may be able to take advantage of home office deductions

In a recent release, the IRS highlighted tax resources available to small business owners. One such tax-saving option is claiming home office deductions. Small business owners have two options: the regular method and the simplified method. Be aware that, regardless of the method used to compute the deductions, business expenses in excess of the gross income limitation aren’t deductible. Go to http://bit.ly/2r1yIfl to learn more.