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In this video, I explain how the home office tax deduction works when you have a new space or addition in your home. I go over the basics of the home office tax deduction, who can easily take the deduction, and how to claim it on your tax return. #IRS #homeoffice Check out our other videos related to personal finances and tax, as well as business finances and tax. If you enjoy our content and want to support us, donate through Venmo @nguyencpas If you want more live Q&As or one on one chats to get specific questions answered, check out our Patreon page: / nguyencpas Our Website: www.nguyencpas.com Join our Facebook group for more active updates: / nguyencpalounge Our online course for navigating the pandemic: https://courses.nguyencpas.com/course... Budgeting Playlist: • Budgeting Winning in Business Playlist: • Winning in Business Tax Playlist: • Tax PPP Playlist: • PPP Information EIDL Playlist: • EIDL Information COVID-19 Playlist: • COVID-19 This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself. • Home Office Tax Deduction with a New Space