2 Deduction Options When You Work From Home

June 11th, 2015 Categories: Random Thoughts

If you work from home, even on a part-time basis, you can probably save some dough come tax time by deducting your home office costs.

The challenge has always been the 43-line, MENSA-like IRS form home office workers had to complete, which may have kept some from even taking advantage of this home tax benefit.

Now, there’s an optional, simplified home office deduction: Take $5/sq. ft. up to 300 feet or $1,500 and, boom, you’re done. Read the rest of this entry »

Spoken by Maggie Dokic | Discussion: Comments Off on 2 Deduction Options When You Work From Home