Corvee Adds Home Office Deduction Tax Position to Instead for Tax Planning

Corvee, a software and solutions company serving small and medium-size businesses as well as tax and accounting firms, has added home office deduction filing guidelines to Instead and Instead Pro.

A home office deduction allows for the deduction of expenses related to a portion of a home that is used exclusively and regularly for business operations or activities. With this latest strategy, users can leverage Instead to:

Determine home office eligibility and estimate savings
Add home office expenses
Build or upload a home office policy
Select a tax calculation method

Instead offers different ways to calculate and maximize deductions:

Regular utilizes every aspect of your home office for maximum deductions. The platform can also support deductions for multiple homes used for office space.
Simplified is a straightforward method for those wanting a hassle-free approach.

“Home office deductions can lead to significant tax savings over time,” states Andrew Argue, CEO and co-founder of Corvee. “Instead makes it easy to enter the information necessary for a deduction and provides the tracking to keep tabs on all expenses and spending. In addition, the product includes an AI-powered plan generator to ensure all deductions and reimbursements align with tax requirements.”

For more information on Instead, visit www.instead.com.

Taxes