... “hobby” 8th Edition Keep What You Earn INCLUDES THE LATEST TAX LAWCHANGESStephen Fishman, J.D.author of Deduct It! Lower Your Small Business Taxes Home Business 8| HOME BUSINESS TAX DEDUCTIONS home ... 15.Even if you work with an accountant or another tax professional, you need to learn about home business tax deductions. No tax professional will ever know as much about your business as you do, ... so you can make smart decisions about your taxes. If you do your taxes yourself (as more and more home business- people are doing, especially with the help of tax preparation software), your...