When it comes to a home business, or even telecommuting from the home, the tax question is one that most of us dread. Taxes are complicated and not filing them correctly can lead to a lot of trouble and headaches. Fortunately, for the home worker, there is an upside to the tax issue, and that is business deductions.

Owning your own business means that you are probably going to have to pay more taxes than you did when you were working for someone else. In addition, you will also have to be aware of the large number of taxes and deductions that you will have to pay on a regular basis each year. One of these taxes is the self-employment tax that the IRS levies against owners of home businesses.