How Business Owners Use The Augusta Rule For Tax-free Income
The Augusta Rule, IRS Code § 280A, allows you to rent your home for up to 14 days without reporting the income on your taxes. In addition, your business can deduct the cost of renting the space as a business expense.
Home Office Tax Deduction
If you use part of your home "exclusively and regularly" for conducting business, you may be able to deduct expenses such as rent, insurance, utilities, and fees.