Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
New to Comunitee?

or Sign Up with Email



AUG 16, 2013 - TheStreet

A Must Read - Share

There's a Simpler Home Office Deduction in 2013

By Jim Blankenship NEW YORK (AdviceIQ) -- This year, the Internal Revenue Service allows a new method of deducting expenses for home offices. You can still deduct for home office space using the old method -- and this new "safe harbor" option, which the IRS calls "simplified," has calculation wrinkles that may not be for everyone. The new method allows you to deduct a flat $5 per square foot of dedicated office space in your home, up to a maximum of 300 square feet. Three reasons this might be for you: 1. If you are just starting to take the home office deduction, you can forget ... Read More

Tags: There's a Simpler Home Office Deduction in 2013,  Internal Revenue Service Latest News