One way lets you deduct home office expenses easily; the other is harder but might mean a bigger deduction.
If you're self-employed and work from home, you may be able to save some bucks at tax time by using the home office tax deduction. (If you work from home as an employee because your boss lets you telecommute, you can't take the home office deduction.) Here are two ways to claim it:
1. The complicated way. Fill out IRS Form 8829 — all 44 lines of it. Figure the proportion of your home's overall space devoted to your office and then calculate how much of your overall home expenses went toward your home office. Lots of math happening here.
An example: If your home office takes up 300 square feet in a 3,000-square…