As a freelance video editor, would a home office or out-of-home office space give me a better tax deduction?

by Joseph A. Pancerella, CPA | Jan 21, 2019

I am a freelance video editor, and I am looking at new office spaces. I'm wondering which type of office would give me a better tax deduction: an at-home office or out-of-the-home office space?

There is no “better” deduction in this case. The deduction would be the same, in that it would reduce, dollar for dollar, taxable income generated from your Schedule C (self-employment).

Pick the space that allows you to accomplish what you want to accomplish for your business success, not for the best tax deduction. That is the best choice.

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Answered by: Joseph A. Pancerella, CPA, is managing director of Pancerella & Associates LLC in Reading, Pa.

The responses are based on the limited information provided by the questioner and apply the laws and regulations at the time of posting. Other options could arise as rules and regulations may change over time, including but not limited to the passage of the Tax Cuts and Jobs Act of 2017. They are intended to provide general information, not specific accounting or tax advice; they are not intended or written to be used and cannot be used for the purpose of avoiding or evading taxes or penalties under the IRS code or regulations. Views expressed do not imply an opinion of the PICPA, its officers, directors, employees, or members.
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