SIMPLIFIED HOME OFFICE DEDUCTION

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??