Tag Archive: home office

Is the Home Office Tax Deduction for You?

Written by December 28, 2016

One of the best and often overlooked tax deductions is the home office deduction. While this won’t reduce your IRS payment to zero, it can still provide a lot of added value, especially for those working from home or running a business out of their spare bedroom. Just make sure to use it correctly. Here are a few tips to...

Read More...

Tags:

Category:

Simplified home office deduction

Written by March 23, 2016

During this time of year, many folk forget there is a new simplified method for claiming home office expenses that we have mentioned in past posts.  While it doesn’t take away the requirements for eligibility to take the deduction, the rules have been greatly simplified. Introduced in tax year 2013, the optional deduction is designed to reduce the paperwork and...

Read More...

Tags:

Category: