Who Should Take a Home-Office Tax Deduction?

Photograph by Getty Images

According to data compiled in tax year 2009, more than 4 million Americans claimed the home-office deduction on their tax returns. That’s about 3 percent of the total 140 million returns filed in 2010. The number is likely to increase this year, with business startup rates having increased substantially in 2011.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.