Home Based Business Tax

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- Everything about home-based business ta. and tax deductions for home-based businesses, including the new simplified deduction method.. - Are you working on your business tax return? But there 's one important difference in tax filing between a home business and a business located outside the home. Small business owners who work from their homes can claim a tax deduction for business use of the home, on Form 8829..Tax Time Guide: Many Home-Based Businesses Can Use Simplified Method for Claiming Home Office Deduction; Taxpayers May Deduct up to $1,500 a Year. WASHINGTON The Internal Revenue Service today reminded people with home-based businesses filling out their 2014 federal income tax . - So why does the government give you these tax breaks for running your own home-based business? Simple, America is the land of opportunity .

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