I am using Self-Employed. On the home office simplified method, I have a deduction of $825 for a 165 sq ft home office. Does the $825 get deducted quarterly or annually?

findings4less · ‎May 31, 2019

Thanks!

Critter · ‎May 31, 2019

It is deducted once per year on the Sch C line 30.

Anonymous · ‎October 21, 2019

Your home office deduction is an annual deduction for that tax year. It is the sq ft amount of 165 times $5 (165 x 5) which equals the $825.

Deductions & credits