Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
March 14, 2014 03:15 pm GMT

Work From Home? Your Taxes Just Got Easier

Home-office-tax-deduction

If you wanted to take the home office deduction on your taxes in years past, you’d need a measuring tape, calculator, and then a year’s worth of bills for all your home expenses. With the 2013 tax return, the IRS has introduced a new “no-doc” simplified version of the home office deduction

According to the IRS, this simplified option will save small businesses 1.6 million hours annually by reducing paperwork and recordkeeping. But just because the new option is easier, does it mean it’s better? Here, we’ll break down the two methods for calculating the home office deduction so you can decide what works for you Read more...

More about Taxes, Small Business, Freelancers, Business, and Startups

Original Link: http://feeds.mashable.com/~r/Mashable/~3/LBjLtb-1Lk4/

Share this article:    Share on Facebook
View Full Article

Mashable

Mashable is the top source for news in social and digital media, technology and web culture.

More About this Source Visit Mashable