Webb19 jan. 2024 · Taxpayers who qualify may choose one of two methods to calculate their home office expense deduction: The simplified option has a rate of $5 a square foot for … Webb11 apr. 2024 · You cannot, subtract the first line of your home phone. But, if you have a second line of business, you can deduct the additional costs associated with that line. …
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Webb4 apr. 2024 · The simplified option uses a standard deduction of $5 per square foot of the portion of your home used for business, capped at 300 square feet, or $1,500. The regular method, which is more ... WebbI met with my CPA (he's also a lawyer) and he said I should claim a home office deduction. I'm self-employed if that matters. I live in a small 1br apartment and I just have a small desk in my living room where I work at. But my rent is high ($3,000/m) so he said I should claim 20% of my rent as my home office deduction. church goods chicago
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Webb183 Likes, 8 Comments - Where Outdoorsy People Network (@basecampoutdoorjobs) on Instagram: "Hey! Hanna, Basecamp's freelance social media producer here. Are you just ... WebbYou can deduct expenses for the business use of a workspace in your home, as long as you meet one of the following conditions: it is your principal place of business you use the space only to earn your business income, and you use it on a regular and ongoing basis … Webb1 feb. 2024 · Basics Simplified Home Office Deduction – If you operate a business from home or perform certain functions at home related to your business, you may be able to claim a home office deduction against your business income on your 2024 income tax return. There are now two methods for claiming this deduction: the actual expense … devilish macbeth quote