Homestead Home Office Deduction Made Easy

If you have a home office that is used exclusively for business but have not taken your deduction because it was too complicated to track and calculate, try using the “safe harbor method”.

Advertisements

Making Tax Deductible Donations

Be sure to get a receipt for any donation you make that includes the tax identification number of the non-profit. If you receive any merchandise or other compensation, it is not tax deductible.