Questions about the Future of Home Offices?
Emily H
3 years ago
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copycatfromballarat
3 years agocawaps
3 years agoRelated Discussions
Question about home office and tax deductions
Comments (8)"I used to work from home but on the advice of our CPA did not claim a deduction for my office. The square footage / usage figures were almost insignificant as a percentage of the total, and he said---which I'm sure you already know--- that those deductions are red flags for IRS auditors." My former CPA gave me the exact same advice, so for many years, I didn't. This year, I decided to see how big a deduction I was giving up and how much of a tax impact it had -- NOT enough! So I took it out, even though I'm clearly entitled to claim it....See MoreQuestions about furniture quality for a home office
Comments (1)Home office furniture plays an vital part in providing the desired look in your office.it is important that you select the right kind of home office furniture that will reflect your style and taste.From the selection of home office furniture to the functioning of the office, all should be done with a lot of care.A good online furniture store can help you find the right home office furniture....See MoreQuestion about color flow in house
Comments (6)Well in that case advice #2 - don't choose your paint colors first. Choose the furniture you want for your space first. Then choose a paint color that works with the furniture. Paint is cheaper, and comes in thousands & thousands more colors. Your furniture is much, much more limited and it's probably going to outlive your paint anyway. Figure out your "vision" - the feel and/or style you want. Keep it in your head when you shop. When you find furniture you love, consider the other hardware in the room (flooring, architecture, etc.) and color will become a much easier choice....See MoreQuestion about future social security benefits
Comments (18)Your SS benefits are not based on the last year you worked. It looks at your highest paid 35 years over your entire working career. It goes something like this: The calculation will be made over 35 years which is 420 months. First, your record is searched for 35 highest paid years. If you do have that many, then there will be some years counted as zero years. Next, the older years are indexed to sort of bring them up to todays dollars. The factors used is something like a cost-of-living adjustment, but in my humble opinion, the adjustment falls short of the actual inflation rate. However, the same index is applied to everybody be they rich or poor. For example, if you earned $100 30 years ago, the adjustment factor might be 4.5, so your $100 income made 30 years ago would be adjusted to 4.5 x 100 or $450 in current dollars. This is done for each year using a different factor for each year. If there are zero years, these are included also. The 35 highest paid years are used or all the years if there is less than 35. All of the adjusted years are totaled and then divided by 420, the number of months in 35 years. This becomes the average monthly income figure that is used to determine your benefit. Clear as mud? I hope it is a little better than that. Go to the social security site to find this information. The indexing list should be there and it may change some for each passing year. The formula for using the average indexed monthly taxed earnings for computing the benefit should be there....See Moreecho
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