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Claiming Deductions for Home-Based Businesses




"If you're a home-based business owner, your best friends this tax season may be IRS Publications 535 and 587. The first publication lists all of the rules for deducting business expenses. The second focuses exclusively on laws regarding the business use of your home. Tax breaks are available for home-based businesses, but filers need to be cautious about what they deduct and keep good records, analysts say..."


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