Quick Background:
- Married filing jointly
- One spouse has a salary, the other has income from small sole proprietorship
In November and December of 2021, we bought a computer and cell phone. For tax year 2021, using Turbotax Home and Business, we deducted part of the cost of those two items.
- Computer, 10% business use, purchase cost $789
- Cell phone, 25% business use, purchase cost $394
For tax year 2021, on Form 4562, TurboTax shows a special allowance of $79 for the computer and $99 for the phone. Those numbers, I do understand. They are 10% and 25% of the items' purchase price.
But now for tax year 2022, TurboTax again shows that I am deducting $79 and $99 for those two items. Why is the amount deducted the same as last year? I thought the amount I can deduct would decrease every year.
