New Simplified Rules for the Home Office Deduction 29 June 2013 by Mitch Helfer

In 2010 (the most recent year for which figures are available) nearly 3.4 million taxpayers claimed deductions for the business use of a home. In January 2013, the IRS issued new simplified rules for the deduction of the home office expense [Rev. Proc. 2013-13]. This revenue procedure provides an optional safe harbor method that individuals may use to determine the... Read More