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Do you have a home office? The desk you’re sitting at could save you up to $1,500 a year in taxes.

Many business owners skip this deduction because they think they don’t qualify or fear an IRS audit. The truth is, most do qualify. One client of mine saved $1,100 in just 30 minutes by setting it up.

In this episode, Mike Jesowshek, CPA, explains who qualifies, the two ways to calculate it, how to document properly, and the mistakes that cause business owners to miss out. You’ll also learn how the home office deduction can unlock other tax savings like business mileage.

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Chapters

(00:00 ) Why Most Business Owners Skip the Home Office Deduction
The $1,500 opportunity that too many entrepreneurs ignore

(01:00 ) Real Client Example: $1,100 Saved in 30 Minutes
How a quick calculation turned wasted expenses into major tax savings.

(03:00 ) Who Qualifies? The 2 Rules You Must Meet
Regular and exclusive use + principal place of business (with the administrative loophole explained).

(09:00 ) Two Ways to Calculate: Simplified vs. Actual
$5 per square foot up to 300 sq ft vs. percentage of actual costs: When to use each method.

(13:00 ) Where to Take the Deduction (Sole Prop vs. S-Corp)
Schedule C, Form 8829, and how to handle it with an S-Corp accountable plan

(14:30 ) Common Mistakes That Kill Your Deduction
From mixing personal use to failing to document properly… What to avoid

(17:30 ) In Summary
Why this deduction can be worth $1,500+ every year, and how it also unlocks mileage deductions

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
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🎙 ABOUT THE PODCAST
The Small Business Tax Savings Podcast is your go-to resource for cutting-edge tax strategies to help entrepreneurs legally slash their tax bills. Hosted by Mike Jesowshek, CPA, this show breaks down complex tax topics into clear, no-fluff insights so you can keep more of your hard-earned money.