The Simplified Home Office Deduction Tracker is an essential tool for any US taxpayers operating their business from home. Not to mention, it will pay for itself in tax savings! 
 
With this purchase, you will receive:
1. 2023 Tax Year Home Office Deduction Tracker [Google Sheet Template]
2. 2024 Tax Year Home Office Deduction Tracker [Google Sheet Template]
3. 9-page Home Office Tax Deduction PDF Guide
 
The Home Office Deduction Tracker will help you:
• Estimate your total home office tax deduction
• Compare the actual expense vs. the simplified method for your space
• Track indirect and direct home office expenses and improvements to that tax time is a breeze!
 
With this tracker, you can easily stay organized and take advantage of all the tax deductions you are entitled to. You will be your CPA's most organized client in no time! Whether you are a freelancer, consultant, or small business owner, this Google Sheet Tracker is a must-have for any home office space. Start maximizing your deductions today!
 
Compared to our Home Office Deduction Tracker, this Simplified Home Office Deduction Tracker,  does not calculate depreciation expense, track home office improvements, or account for prior-year expense carryovers.
 
The format of this template is Google Sheets, you will need a Google account to access and use this template. All sales are final, so be sure to review our free "Home Office Tax Deduction Guide" for more information on whether your business qualifies for the tax deduction. 
 
If you have not already claimed your free Home Office Guide, a link to download is included with your purchase of this template. In this 9-page guide that is written by a CPA, you will find real-life examples and straightforward explanations to help you understand the home office deduction and help you start using this tracker. In this guide, you will find will find information to help you answer the following questions: 
I. What is the business use of home deduction?
II. Who qualifies to claim the deduction? 
III. What are the methods of calculating it, and which is best for me? 
IV. Where is it reported on the US tax return? 
V. What are my next steps to implement this tax-saving opportunity? 
VI. [Bonus Section] How to calculate depreciation expense for the home space?
 
This spreadsheet is intended solely for informational purposes. Seek guidance from a licensed professional before making any financial decisions. Momentum tax co. cannot, under any circumstances, be held liable for any costs, losses, damages, or injuries, whether they are direct or indirect, that may arise from the use of this spreadsheet.