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Luckily, you can deduct half of self-employment taxes paid on your tax return. 2. Home Office. If you work from home and have a dedicated office space, you can deduct a portion of expenses like ...
Working from home became a norm and a need during the COVID-19 pandemic, a trend that many people continue to embrace. In fact, a quarter of Americans are currently doing so despite the relative ...
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 ...
First off, the home office deduction is available to self-employed taxpayers, independent contractors and those working in the gig economy, according to the Internal Revenue Service (IRS).
Working from home is great, but it often comes with surprise expenses. Here are 11 tax deductions you can’t afford to overlook. 7 rules for taking a work from home tax deduction [Video]
The 2017 tax reform law ended the ability for most taxpayers to deduct expenses for working from home just in time for millions more people to begin working from in response to the Covid pandemic.
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