Sole Proprietors’ Use of the Home Office Tax Deduction is falling
While a large fraction of U.S. businesses are home-based, few small business owners take advantage of the home office tax deduction, Internal Revenue Service (IRS) statistics show. Nearly six-in-ten new businesses, and more than half of established small businesses, are home-based, recent data from the Global Entrepreneurship Monitor, a representative survey of entrepreneurial activity, reveals. ...
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