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if you are a business owner that does any work from home and youre not taking the home office deduction then youre probably paying more than you have to in taxes to the irs but dont worry youre not alone more than 2 million people overpaid the irs every year so if you want to keep doing that then dont watch the rest of this video but if you want to take the home office deduction on your tax return then im going to give you all the information you need to do this correctly in this video all you have to do is be a business owner or independent contractor meaning you receive 10.99 income or in other words the income you receive is not taxed upon receipt and if thats you and you work from home then get ready to lower that tax payment to the government hey its sherman again at life accounting back at it again today to help you save more money on your taxes in todays episode im going to help you do this with the home office tax deduction im not just going to tell you what this ded