Working from home is convenient but costly for W-2 workers. Only self-employed people can take the home office deductions. Here's how it works.

T he home office deduction is a tax break that some self-employed people who work from home can use to lower their taxable ...

Home office tax deduction for self-employed people. Self-employed people can generally deduct office expenses on Schedule C (Form 1040) whether or not they work from home.

Prior to 2018, employees who receive a W-2 were able to use the home office deduction to offset some of their employment expenses, but the Tax Cuts and Jobs Act did away with that until the end of ...

The home office tax deduction is available to the self-employed if certain conditions are met. The space must be used exclusively and regularly for business purposes.

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. $3,500 iPhone possible?

The home office deduction could save remote workers thousands—but only if you know which tax rules apply to your situation.

For tax year 2021, the most recent year for which complete figures are available, the total value of the home office business deductions was just over $12.8 billion, according to IRS data.

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.

Of all the tax breaks available, the home office tax deduction is among the murkiest and most misunderstood. And the passage of the 2017 Tax Cuts and Jobs Act has made things even more complicated.

The home office deduction allows some filers to claim a tax break for expenses incurred working remotely. If you were a W-2 employee in 2024 — meaning your company withholds taxes from your ...

How to claim the home office deduction. To claim the home office deduction, you’ll need to fill out IRS Form 8829 and submit any supporting documentation requested. This form will help you ...