Small Business: Home-office deductions simplified
Photo credit: Handout | Some of the issues involved in claiming deductions for a home office may be resolved with a new simplified option, the IRS recently announced.
For many home-based businesses, claiming the home-office deduction has often been more of a headache than it's worth.
It can be complicated to calculate and can be perceived as an audit red flag.
But some of those issues may be resolved thanks to a new simplified option for claiming the home-office deduction that the IRS recently announced, experts said.
"It cuts out the complexity,"...
