Turn Your Home Into Tax-Free Money With an Accountable Plan - Part 2/5

Most business owners are sitting on thousands of dollars in deductions inside their own home — and they have no idea. In Episode 2 of our Accountable Plan series, Mike breaks down how to legally use the Home Office Deduction and the Augusta Rule under IRS 280A to pull money out of your home completely TAX-FREE.

Here’s what we cover:
– How home office actually qualifies (regular + exclusive use, principal place of business)
– Simplified vs Traditional method, and when each makes sense
– Why documentation is the only thing that protects you with IRS 280A
– How to calculate your business-use percentage and reimburse yourself through the Accountable Plan
– Why S-Corp owners must run this through a written policy with proper substantiation
– The Augusta Rule: rent your home to your business up to 14 days tax-free
– What qualifies as legitimate business use (board meetings, training, strategy sessions)
– How to determine fair market rent and document it correctly
– Real-world examples:
• $3,200 home office reimbursement
• $7,500 Augusta Rule rental deduction

You’ll also see exactly where these amounts go on an S-Corporation tax return, and how they flow through correctly as tax-free reimbursements.

CTA: If you want Ledgerly to help implement your Home Office or Augusta Rule strategy—and make sure you’re documenting everything correctly—use the link on our channel to book a call. We do this every day for S-Corp owners across the country!

📲 Make sure to subscribe for upcoming Parts 3-5 of this series on the Accountable Plan

#TaxTips #TaxSavings #TaxPlanning #TaxStrategy #TaxAdvisor #TaxAdvisory #AccountablePlan #HomeOfficeDeduction #AugustaRule #SCorpTaxes