If you have a home office, be careful!
IRS Form 8829 gives you the impression that you should only use the gross-square-footage method for computing your home office deduction.
Not true!
We’ll show you a way to compute your deduction that’s always superior to the gross-square-footage method.
Want to find out how you can legally wind up with more money in your pocket?
Read my new article titled Tax-Saving Tip: Use Net Square Footage to Increase Home-Office Deductions.
Three ways our fact-filled article can help you:
- You’ll learn what’s wrong with IRS form 8829. The form only shows the gross-square-footage method. But this conflicts with the IRS’s instructions in its own publications! Page two of the instructions tells you that “you can use any square feet or other reasonable method if it accurately figures your business percentage. We’ll explain all the reasonable methods you can use when you read the full article.
- We’ll tell you why the “net-square-footage” method is best. Defense contractors use it. Government contractors use it. Educational institutions use it. And you can use it too! We’ll tell you how to put this money-saving method to work when you read the full article.
- We’ll provide a real-life example of how the “net-square-footage” method works. It’s easy to calculate your deduction using this alternative method. The punch line? We’ll show you how a hypothetical homeowner increased his deduction by a full 30%! All will be explained when you read the full article.