Many people who received buyouts and severance packages last year used the money to start home-based businesses. Now, they’ll want to take tax deductions for their home offices.

The deduction for using part of your home for business purposes – popularly known as the home office deduction – used to be something scary. It was widely believed that taking the deduction would automatically land you an IRS audit. Tax advisers say that’s no longer the case, especially since there are so many businesses being run out of homes, garages and apartments. But if you don’t follow the rules and try to take too big a deduction, you could still draw the attention of IRS employees.

To read more of this Washington Post article click here.