Sam operates a financial advisory business from home. His home is 3,000 sq. ft., with 600 sq. ft. dedicated to office use. He also rents his home to his S-Corp for quarterly board meetings.
*Tax Savings:*
* *Home office deduction* allocates 20% of household expenses (mortgage interest, utilities, property tax) to the business.
* *Augusta Rule (IRC §280A(g))* allows renting his home to his business for up to 14 days at market rate (say \$800/day). That’s *\$11,200 tax-free income*.
Combined, Sam saves *\$15,000+ annually*
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