New Simplified Option for the Home Office Deduction
This may be the last year for the benefits above, but a new one kicks in for the 2013 tax year. If you work from home, you may qualify to use a new, simplified option for claiming the home office deduction when you file your 2013 taxes.
How much simpler is it? It lets you claim $5 per sq. ft. for up to 300 sq. ft. instead of having to compute the actual expenses of your home office using a 43-line form. To calculate the square footage of your office, just multiply the length of two walls. For example, an 8-by-10-foot room is 80 sq. ft. And at $5 per, that’s $400. Although using the simplified option is obviously easier, the basic requirements for claiming the home office deduction haven’t changed. Your home office still must be used for business purposes. (Houselogic 12/13/13)
We grow up to 8mm every night while sleeping, but shrink back to our previous height once we get up.
1. Single moms are the problem. Only 9 percent of low-income, urban moms have been single throughout their child’s first five years. Thirty-five percent were married to, or in a relationship with, the child’s father for that entire time.*
2. Absent dads are the problem. Sixty percent of low-income dads see at least one of their children daily. Another 16 percent see their children weekly.*
3. Black dads are the problem. Among men who don’t live with their children, black fathers are more likely than white or Hispanic dads to have a daily presence in their kids’ lives.
4. Poor people are lazy. In 2004, there was at least one adult with a job in 60 percent of families on food stamps that had both kids and a nondisabled, working-age adult.
5. If you’re not officially poor, you’re doing okay. The federal poverty line for a family of two parents and two children in 2012 was $23,283. Basic needs cost at least twice that in 615 of America’s cities and regions.
6. Go to college, get out of poverty. In 2012, about 1.1 million people who made less than $25,000 a year, worked full time, and were heads of household had a bachelor’s degree.**
7. We’re winning the war on poverty. The number of households with children living on less than $2 a day per person has grown 160 percent since 1996, to 1.65 million families in 2011.
8. The days of old ladies eating cat food are over. The share of elderly single women living in extreme poverty jumped 31 percent from 2011 to 2012.
9. The homeless are drunk street people. One in 45 kids in the United States experiences homelessness each year. In New York City alone, 22,000 children are homeless.
10. Handouts are bankrupting us. In 2012, total welfare funding was 0.47 percent of the federal budget.
*Source: Analysis by Dr. Laura Tach at Cornell University.
James Moehle and Angela Huckaby returned to Texas this week from a beautiful Hawaiian vacation, but the trip home was marred slightly by lost luggage but even more so when the luggage turned up with an insulting note attached.
“Please text, deaf and dumb,” were the instructions left on the American Airlines lost baggage receipt on how best to reach the couple.
The couple is deaf, but “dumb” is an archaic way of describing people unable to speak, an expression that is now considered offensive.
andersoncooper: I find this shift in the search area confusing. It would seem to imply that all the debris allegedly spotted by satellites was not from #370