One common misconception is that taking the home office deduction increases the risk of an audit. While it’s true that the IRS scrutinizes these deductions closely, as long as you meet the requirements and keep detailed records, there is no reason to fear an audit. Another myth is that you can’t claim a home office deduction if you have another office elsewhere. However, if your home office is your principal place of business, you can still qualify for the deduction even if you have other business locations.