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  2. When You Can and Can’t Write Off Home Office Expenses - AOL

    www.aol.com/finance/t-write-off-home-office...

    So, if your home office is 20% of your living space’s total square footage, you can deduct 20% of your total rent or mortgage interest for the year plus 20% of the total utilities for the year ...

  3. Taxes 2022: How Small Businesses Can Deduct Home Office ... - AOL

    www.aol.com/taxes-2022-small-businesses-deduct...

    To claim the home office deduction on your 2021 tax return, the IRS says that you must “exclusively and regularly” use part of your home — or a separate structure on property you own or rent ...

  4. All About the Home Office Tax Deduction - AOL

    www.aol.com/news/home-office-tax-deduction...

    Maintaining a home office for your business can yield a benefit at tax time if you're able to claim a deduction for your expenses. The IRS lays out the rules for deducting home office costs in ...

  5. Home Office Tax Deductions for Home-Based Workers - AOL

    www.aol.com/finance/home-office-tax-deductions...

    Many people don't realize they are eligible for home office tax deductions. If you're self-employed, find out if you're eligible for these tax breaks.

  6. Tax Deductions for Small Businesses - AOL

    www.aol.com/finance/tax-deductions-small...

    Keep in mind that you cannot claim the home office deduction for employees working from home for your company; it's only for self-employed, independent workers. Rent and phone/internet services

  7. Internal Revenue Code section 162 (a) - Wikipedia

    en.wikipedia.org/wiki/Internal_Revenue_Code...

    It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [1] If an expense is not deductible, then Congress considers the cost to be a consumption expense. Section 162(a) requires six different elements in order to claim a deduction. It ...

  8. A Guide to the Home Office Tax Deduction - AOL

    www.aol.com/news/guide-home-office-tax-deduction...

    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.

  9. Guide to Home Office Tax Deduction - AOL

    www.aol.com/news/guide-home-office-tax-deduction...

    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 ...

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