Important Change to the Home-Business Tax Dedution
If you’re operating a business out of your home, you may find this info really helpful. Just click the link below to go to the article.
But do note I say MAY find it helpful. Depending on where you live and the actual cost of your home and annual operating costs this deduction option might not be a good fir for you since it’s capped at $1500.00
I’m not an accountant though, so you should check with yours for more info.
IRS Reminds Home Businesses of Simpler Deduction Option https://www.accountingtoday.com/news/irs-reminds-home-businesses-of-simpler-deduction-option-69901-1.html
The Internal Revenue Service reminded home-based businesses and their tax preparers Friday about a new simplified option for claiming the home office deduction that is available for the first time …