Simplified Option News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We explain who is likely to be audited by the IRS and what you can do to minimize your chances with tax software and other methods.

A Guide to the Home Office Tax Deduction © (Getty Images) Close up of a young woman doing her home finances in the evening The number of people who work from home exploded in 2020 because of the COVID-19 pandemic. Some people will be able to take a tax deduction for their home office expenses, but many will not. The law changed in 2018 and eliminated the home office deduction for people who work for an employer. You can only qualify for the home office deduction now if you're self-employed. You're not eligible if you're an employee, even if you've been working remotely and had to set up an...