TITLE

Home-office deductions made simple

PUB. DATE
April 2014
SOURCE
Consumer Reports Money Adviser;Apr2014, Vol. 11 Issue 4, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a rule from the U.S. Internal Revenue Service that lets small-business owners who maintain offices in their homes calculate the tax-deductive expense related to that office by multiplying its square footage by five dollars. The author notes that offices of up to 300 square feet are eligible for the calculation. Those using this method cannot include home depreciation among business expenses.
ACCESSION #
95100971

 

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