If you work from home, you may be eligible to claim the home office deduction, which can

significantly reduce your taxes. It's available if you have part or full-time self-employment

income, whether you rent or own your home. This podcast will explain how the home

office deduction works, who qualifies, and five rules for claiming it, no matter what type of venture

you run from home. And if you want to learn more about this topic, be sure to check out

chapter 14 of my book, Money Smart Solopreneur, a personal finance system for freelancers,

entrepreneurs, and side hustlers, which covers loads of tips for saving money when you have a

home office. Welcome back, everyone. I appreciate you joining me for Money Girl episode 900. I'm Laura

Adams, an award-winning author, on-camera spokesperson, money speaker, founder of the

money stack. That's my substack newsletter, and host of Money Girl with over 43 million downloads.

If you've been enjoying the free content we love creating for you, please take a moment to rate

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And if you're new here, welcome.

If you have a question about money, you can leave it on our voicemail at 302-364-0308.

You can also visit laura d adams.com to email me and learn more about my books, courses, and of course the free

money stack newsletter. All right, let's get into five rules for claiming the home office tax

deduction. The first really important rule is that you must have business income. So if you work

for yourself in any trade or business,

either part-time or full-time, and your primary office is in your home, you likely have a home

business for tax purposes. It doesn't matter if you're an online retailer, a freelance writer,

a consultant, an Uber driver, or a dog walker. You can have a home-based

business even if you mostly earn income outside the home. That's really common for many

...