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§280A(c)(1) • Updated 12/15/2024
Allows deduction for business use of home if area is used exclusively and regularly as principal place of business or as a place to meet patients, clients, or customers in the normal course of business.
Section 4 • Updated 1/10/2023
Provides a simplified method for determining the home office deduction. Taxpayers may deduct $5 per square foot of home office space, up to a maximum of 300 square feet ($1,500 maximum deduction).
(g) • Updated 3/20/2022
Explains that "exclusive use" means that a specific portion of the dwelling unit is used solely for carrying on a trade or business. The portion need not be marked off by a permanent partition.