10 line 11052021 make simplesimpler choice for place of residence place of business Deduction Beginning in tax year 2013 returns filed in 2014 taxpayers may use a simplified option when figuring the deduction for business use of their home Note This simplified option does not change the criteria for who may claim a home office deduction It merely simplifies the calculation and recordkeeping
you may see this video: IRS Form 8829 Home Office Expenses for SelfEmployed Persons
Note This simplified option does not change the criteria for who may claim a home office deduction It merely simplifies the calculation and recordkeeping requirements of the allowable deduction Highlights of the simplified option Standard deduction of 5 per square foot of home used for business maximum 300 square feet
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 | Deduct It!: Lower Your Small Business Taxes Stephen Fishman · 2019 FOUND INSIDE If you've heard stories about how difficult it is to qualify for the home office deduction, you can breathe more easily. ... (See Chapter 16 for more on audits.) ... (See “Simplified Home Office Deduction Method,” below.) ... Preview More editions |
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FAQs Simplified Method for Home Office Deduction Internal httpswwwirsgov smallbusinessesselfemployed fa
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