Help us keep you up-to-date with the latest information on your taxes, accounting and business tips and we may even add some fun events going on around town. Join our Mailing List and stay connected to MDATaxes.com
John McGehee with McGehee Davis Associates provides this Tax Tip minute! Most tax savvy individuals are familiar with mortgage interest and even how to allocate the interest on real estate between personal, retail property, or office in home. The reason the office in the home deduction exists is to allow a portion of your residence to be recognized as supporting a business or other income that is taxed.
