Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...
The Internal Revenue Service has just announced a simplified way to take the home-office deduction. Instead of filling out a 43-line form (8829), people will have the option of deducting $5 per square ...
When filing your taxes as a small business, one important and time-consuming area is gathering and recording tax deductions related to the company. Deductions range from standard business expenses, ...
One of the most popular deductions taken by self-employed taxpayers is the home office deduction. In fact, according to the latest data from the IRS, nearly 3.4 million taxpayers claimed the deduction ...