The Daily Item, Sunbury, PA


February 1, 2013

Imagine this -- a deduction simplified



     After reviewing historical home office deduction information, the IRS came up with the $1,500 figure, believing it would offer small businesses a practical alternative to the current, more complex calculation, a spokesman said. Arslan of the National Association for the Self-Employed said the group has endorsed the $1,500 as a trade-off for a less cumbersome process. "I think a lot of business owners would consider the standard deduction, considering what they would save in time or the money they would spend to hire someone to help them get the deduction," she said. Makes sense to me.

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