Monthly Archives: August 2013

New Method for Calculating the Home Office Deduction (Journal of Accountancy)

Posted on August 8, 2013 by William A Olson, CPA

Very simply, the new method available for tax years 2013 and after, allows you to calculate your home office deduction by multiplying the square footage of your home office by $5 (max = 300 square feet or $1,500). The qualifications … Continue reading →

Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 S Corporation Taxes, IRS, Personal Finance, Small Business, Technology | Comments Off on New Method for Calculating the Home Office Deduction (Journal of Accountancy)