Do you work from home? If so, do you have a home office? If
you answered yes to both of those questions, you probably already know that you
qualify for a home office deduction. What you might not realize, however, is
that, as of last year, changes to tax law have resulted in an easier filing
process as it relates to this deduction.
While past filers were forced to keep tally of all of their
incurred home office expenses, now deductions can be made based on the size of
the home office. Those who work at home can deduct $5 for every square foot of
their office, not to exceed a deduction of $1,500. Even better yet, receiving
the deduction now only takes one line of writing, rather than forty-three!
If you don’t want to do the math yourself or to miss out on
other possible deductions, take advantage of accounting services in your area.
Susan S. Lewis, Ltd. offers a variety of Naperville
accounting services geared specifically toward those who work from home.
