Form Instructions 8829 IN 2024-2025

Form Instructions 8829 IN: What You Should Know

In 2019:  Add the business share of your home office expenses in 2018: 35,000 (10,000 for the full year) or 25% of your home office expenses (5,000 for 2018) to your business income taxable income in 2025 = 27,500 For your business tax return: Use Form 8955 —  Filing a Schedule C (Form 1040) Use form 8955 to file a Schedule C (Form 1040) containing Form 8829 The form you use for Schedule C (Form 1040) is called the Form 8829. On the form, use the following items to figure your home office deductions. Add the business share of your home office expenses in 2018: 35,000 (10,000 for the full year) or 25% of your home office expenses (5,000 for 2018) to your business income taxable income Add any home office expenses made by a 1099 contractor in 2017: 17,500 (not 10,000) Total home office expenses in 2025 = 39,000 Add to the business income taxable income in 2025 30,000 40,000 You can use the Schedule C form to figure your home office deductions for the year 2025 using the following form: Form 8955 — Schedule C Using Form 8955 If you use Form 8955 to complete your annual income tax return for the year 2025 and want the Form 8829 to have to appear as section 7351 in your file, you add the following items on Form 8955 for Form 1040 as shown if you choose this option. Item 2: A business share of expenses by 1099 contractors. 40,000 If the maximum home office deduction is 35,000 for the year, use the following amount on Form 8955 to figure your total deductions on Form 1040 and add it to your regular Form 8955: Add Business Share of Home Office Expenses = 25% of 35,000 for 2025 = 27,500 Add Home Office Expenses for 1099 Contractors = 39,000 Add the maximum Home Office Tax Deduction for 2018: 35,000 The maximum deduction you can claim on Schedule A (Form 1040) with Form 8955 is 39,000 because the maximum for 2025 is 35,000 on Part A.

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