The rules are strict around who is eligible to deduct a home office, and calculating the deductions can be complicated.

Instead of paying taxes on the full $75,000, they will only be taxed on $60,400, lowering their overall tax bill. Standard Deduction: Single, Married and Head of Household The size of your ...

Are HOA Fees Tax Deductible? Discover the tax implications for homeowners associations and see if you can save on your annual ...