FOR IMMEDIATE RELEASE
Traverse City, Michigan (November 18, 2019) – Most individuals with home office do not know that they can use it as a deduction when it comes to the cost of home business operation. They also do not know that it is a complex issue. Understanding this, File My Taxes online explains about Simplified Home Office Deduction.
When talking about this deduction, File My Taxes Online says “To make the lives of American taxpayers easier, the IRS brought in the simplified optional home office deduction. Starting in 2013, this simplified option became available.”
File My Taxes Online explains that for anyone, who is interested in claiming the Simplified Home Office Deduction, the IRS permits them to claim the deduction based on the size of the home office in square footage. Further, the blog explains that it is worth $5 for every square foot. However, the maximum deduction possible per year is $1, 500. It means that the taxpayer can claim the utmost space for 300 square feet per year.
In addition to explaining this concept, File My Taxes Online also explains the impact of claiming the deduction for the taxpayer with a home office. The post provides many useful details to these taxpayers.
About File My Taxes Online:
File My Taxes Online is online tax filing advice and information publisher. The blog continues to post many useful posts to help taxpayers in the US.
For more information, please visit https://filemytaxesonline.org/what-is-simplified-home-office-deduction/
File My Taxes Online
945 East 8th Street Suite A
Traverse City, Michigan 49686