Take Your Choice for Deducting Home Office Expenses

home office

You now have a choice in how you deduct the expense of a home office.  Our Bergen County CPA office offers you insight to this.

Starting with your 2013 tax return, you can either deduct the actual expenses connected with your home office, or you can use the simplified method of deducting $5 per square foot of the part of your home used for business, up to a maximum deduction of $1,500.

Remember, the deduction isn’t available just because you do work at home; you must use part of your home regularly and exclusively as your principal place of business or where you meet customers, clients, or patients in the normal course of business.

We cater to Bergen County CPA tax preparation in New Jersey since we are a Bergen County accountant firm.  For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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