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With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and money — on your returns.
To calculate the business use percentage of your home, measure the square footage you dedicate to your home office and compare that to the total square footage of your home. For example, if you ...
Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the deduction and how to take it.
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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 ...
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 ...
Up until tax year 2017, full-time W-2 employees could write off some of their unreimbursed home office expenses as itemized deductions. The Tax Cuts and Jobs Act (TCJA) of 2017 suspended this once ...
“The Tax Cuts and Job Act suspended the business use of the Home Office deduction from 2018 through 2025," said Rhonda Collins, director of tax content and government relations at the National ...
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