Do you work from a home office? Isn’t it a bit of a hassle to keep track of household expenses for the deduction?
Well, the IRS has come up with a “Simplified Home Office deduction” — and believe it or not, it’s probably one of the simplest things they’ve done …
Square footage of the home office X $ 5/square foot
Maximum deduction $ 1500 (maximum home office size 300 square feet)
Good idea or bad??