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Home Office Deduction
Letβs break down the Home Office Deduction because saving money on taxes is always a win! π‘ Two Ways to Claim It: Simplified vs. Actual π‘ Option 1: Simplified Method (Easy & Quick) β’ $5 per square foot of your home office β’ Max = 300 sq ft (up to $1,500 deduction) β’ No complicated calculations ππ½ ππ½Best for: Busy entrepreneurs who want a fast, no stress option (just measured) π Option 2: Actual Expense Method (More Detailed, Bigger Potential) β’ Deduct a percentage of:
Taylor Pringle
Apr 271 min read
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