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That’s because the Tax Cut and Jobs Act, signed into law at the end of 2017 under the Trump administration, got rid of the unreimbursed business expense deduction for employees along with the ...
Home office-related deductions are based on the percentage of your home that you use for business. If you meet IRS guidelines, you can deduct the following home-related expenses: Homeowners insurance.
You may be able to take a tax break for your home office expenses, but you need to follow some strict rules. There's a lot of confusion around the home office deduction because many remote workers ...
The number of people who work from home exploded in 2020 because of the COVID-19 pandemic. Some people will be able to take a tax deduction for their home office expenses, but many will not.
Due to that change in President Trump’s signature tax law, only contractors can make deductions for home office supplies. “If in fact, you are an employee working at home and you have a side ...
Tax season is here and many remote workers are wondering what expenses they can write off while working from home. In 2022, 60 million people did freelance work, primarily from their home office ...
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