A Guide to Home Office Rules

Course Information

Title:	A Guide to Home Office Rules
Category:	Taxation
Field of Study:	Taxes
Course Code:	M347
CPE Credits:	2.0
Price:	19.95

Description

Description:

Since the passage of the Tax Cuts and Jobs Act in 2017, employees have been unable to claim itemized deductions for home office expenses. This suspension applies to all miscellaneous itemized deductions for tax years 2018 through 2025, with eligibility scheduled to return in 2026.

Self-employed individuals, however, remain eligible to deduct office-related expenses on Schedule C of Form 1040. These deductions may include common business necessities such as supplies, postage, computers, printers, and other ordinary and necessary costs for operating a home office.

In addition, the home office deduction may extend to a portion of housing-related expenses, such as mortgage interest, rent, utilities, insurance, repairs, and depreciation, when tied to business use of the home.

This course explores the key rules and considerations surrounding home office deductions, helping self-employed professionals understand what qualifies, how to maximize deductions, and how to remain compliant with IRS requirements.

Delivery Method: Online Interactive Self Study

Level: Basic

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Technical Details: Taxation is a technical field of study for all states

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Objectives

Objectives:

Understand the rules relating to taxpayers who are entitled to deduct expenses associated with a home office.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: IRS credit for Enrolled Agents

Profession Identifiers: CPA, EA