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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 ...
Learn more about the home office tax deduction, and how it could apply to you. Read: 3 Ways Smart People Save Money When Filing Their Taxes. Trending Now: ...
As part of the home office deduction, you can write off some of your utility expenses, taxes, insurance, repair, and depreciation. There are two ways to figure out how much to deduct:
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). So, if ...
When my husband and I first started our business, we turned part of our house into a proper office. It was furnished with two desks, computers, and a copy machine on one side; a small conference ...
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 ...
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.
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 ...