Why is a 2018 Home Office Deduction only $286 for 200 square feet when it was $1000 for 2017?

dougrussellee — Tue, 04 Jun 2019 22:52:26 GMT

Are you using the simplified method or the exact expense...

Opus 17 — Tue, 04 Jun 2019 22:52:28 GMT

Are you using the simplified method or the exact expense method? The simplified method (safe harbor method) is $5 per square foot. The exact expense method is whatever it work out to be. Also, you can't use the home office deduction to show a loss on your business. If your net income after deducting all other expenses is only $286, then that's the maximum home office deduction you can take this year.

topic Why is a 2018 Home Office Deduction only $286 for 200 square feet when it was $1000 for 2017? in Deductions & credits

Why is a 2018 Home Office Deduction only $286 for 200 square feet when it was $1000 for 2017?

Are you using the simplified method or the exact expense...