Home office standard deduction

Cookerquestion
Cookerquestion Member Posts: 4 Newcomer
edited January 2024 in Credits/Deductions

How to simply take basic standard home office deduction.

Tagged:

Best Answer

Answers

  • RustyL
    RustyL FreeTaxUSA Agent Posts: 29

    Hi,

    You can enter your information for the home office deduction in the 'Business Income' section of the 'Income' tab. When you get to the 'Your Business' page, select the 'Home Office Expenses' option. You will have the option to select the simplified method as you go through that section.

  • JMSSGV
    JMSSGV Member Posts: 191

    Are you a W-2 employee or self-employed? The home office deduction is only available to self-employed individuals.

  • Cookerquestion
    Cookerquestion Member Posts: 4 Newcomer

    self employed

  • Kaybee
    Kaybee Member Posts: 14 Level 3

    you must use the space exclusively for your business. It can't be a "spare bedroom" that is utilized occasionally. It must be exclusive use. It's a very popular topic for review.

  • Cookerquestion
    Cookerquestion Member Posts: 4 Newcomer

    Just need to know how to use my allowed deduction for home office. I am self employed and use space exclusively for home office. How to apply simply on tax form.