Conventional wisdom holds that taking a home office deduction is an audit flag. The new tax law gives more people a reason to risk it.
Under the GOP tax overhaul, starting in 2018, you’ll have a lot less leeway using deductions to reduce the amount of income that’s subject to tax. Make the most of them by December 31.
Open your 2016 tax return, check this list, and say good-bye to the American dream: a home of your own, a living wage and a comfortable retirement.