Why Are There Two Ways to Claim Home Office Deductions?
Fundera
DECEMBER 2, 2017
Choice is a good thing. In the case of home office deductions, the Internal Revenue Service agrees—which is why you can use a simplified or regular method (Form 8829) to file home office deductions. The Simplified Method. The simplified method lives up to its name. All you have to do is multiply the square footage of your home office by $5. The catch is that the maximum amount you can write off is $1,500.
Let's personalize your content