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Simplified method: The simplified method involves dividing your home office expenses between personal and business use. This method has a rate of $5 per square foot (up to 300 square feet) for ...
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.
“The simplified method can make it easier for you to claim the deduction but might not provide you with the biggest deduction,” according to TurboTax. Other Tax Deductions To Consider
Learn which of your home expenses may be tax deductible, how to claim those deductions, and what you can do year-round to optimize tax season.
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 ...
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.
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