An Interest In:
Web News this Week
- March 18, 2024
- March 17, 2024
- March 16, 2024
- March 15, 2024
- March 14, 2024
- March 13, 2024
- March 12, 2024
March 14, 2014 03:15 pm GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/LBjLtb-1Lk4/
Work From Home? Your Taxes Just Got Easier
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 StartupsOriginal Link: http://feeds.mashable.com/~r/Mashable/~3/LBjLtb-1Lk4/
Share this article:
Tweet
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