Home Office Tax Safe Harbor
Learn about the new home office safe harbor and a higher per-mileage deduction that can help you lower your 2013 tax bill. NAR’s tax analyst Evan Liddiard sits down with tax advisor Peter Baker to talk about these and other tax changes, including the new 39.6 percent tax bracket for high-income households and higher capital gains and dividend taxes. The new 3.8 percent net investment income tax is also covered, along with the phase-out of itemized deductions for higher-income households. Six tax changes in all are covered in two videos.