"Qualifying for Tax Deductions: Home Office and Standard Deduction Explained"
Taxpayers who worked remotely in 2022 may be eligible for the home office deduction on their taxes, but it's important to meet IRS guidelines and use the workspace exclusively for work. The simplified method, which uses a standard deduction of $5 per square foot of the portion of your home used for business, is easier for most people, but the regular method may provide a bigger tax break for some. Taxpayers using the regular method should have documentation to show proof of their deductions in case of an audit.