Starting 2014 claiming a home office on your taxes will get much easier!

Posted on January 21, 2013 by Texas Association of REALTORS®

If you claim your home office as a tax deduction, the IRS has good news for you.

taxStarting in 2014, taxpayers who work primarily from home will have the option to use a simplified form based on their office’s square footage, the IRS announced last week.

No longer will taxpayers who claim the home-office deduction have to keep such detailed records throughout the year, fill out lengthy forms, and calculate related expenses.

However, depending on your situation, it could cost you more money to use the new form, according to the Wall Street Journal. Check with your tax professional to determine which option is right for you.

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