Not every workspace qualifies as a home office deduction. Dr. Friday breaks down what the IRS considers a true dedicated business space.
Transcript
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
Home office expense. Wow—we’re getting close to the tax season, getting ready to end December, getting ready to go into 2026, and we’re thinking about: is this home office a true tax deduction?
Keep in mind, if you are self-employed, it is your only office—home office—as long as it’s not your kitchen table or a dining room where there’s something else. It has to be a specific room in which you have your office equipment and your ability to do your work.
It cannot have a bed. Nowadays I don’t know if the IRS is as picky about TVs—at one point it could not have a TV in it, but now people use that for their screens.
So if you’ve got questions on this call the firm, 615-367-0819.
You can catch the Dr. Friday Call-in Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.