Working From Home – The Simplified Home Office Deduction

Working from home is an option that more and more people are electing to do in the digital era. Like most things business related, there are tax consequences. Many people choose to take a deduction for their home office. Historically, the IRS required some rather complicated record keeping and calculations to claim the deduction. In an uncharacteristic move, the IRS adopted a simplified procedure for claiming the home office deduction beginning in 2013. This article discusses the simplified procedure and some of the advantages and disadvantages of claiming a deduction for your home office in the United States.
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