Passive activity loss rules quietly limit how much rental and passive losses you can deduct each year. This week's Tax Tip Tuesday breaks down the income phase-outs, Real Estate Professional Status traps, and documentation gaps that turn a legitimate loss into an audit flag.

Working from home has become the norm for many small business owners, freelancers, and remote employees. If you're using part of your home regularly and exclusively for business, you may qualify for the home office deduction — and it can be a valuable tax-saver. Let’s break down some tips to help you make the most of this deduction: 1. Understand Who Qualifies To claim the home office deduction, your home office must be: Used regularly and exclusively for business (no persona