Today's job market offers a range of employment options, many of which make it possible to earn income from home. However, working from home doesn't automatically qualify you for the home office tax ...

If you took advantage of your company's flexible work from home policy last year, don't be surprised if all those receipts you diligently kept all through the year for tax deductions end up in the bin ...

Working from home is much more common than it used to be. According to the Pew Research Center, just over a third of American workers telecommuted for their jobs last year. This is slightly lower than ...

Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that. Wage employees ...

A popular tax deduction that is often taken yet needs additional consideration is the home office deduction. It’s relatively easy for taxpayers to deduct the cost of a home office. To qualify for a ...

Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

Question: I just set up a home office for my new business that I am operating as a sole proprietorship. Accordingly, I will be filing Form 1040 with a Schedule C to report my business income and ...

If you're a W-2 worker — meaning your employer withholds taxes from your paychecks — you can't take the home office deduction for 2023. However, freelance and contract workers with income reported via ...

Millions of Americans worked from home — at least partially — during the coronavirus pandemic years and now many are wondering if they can claim the home office deduction on their federal taxes. The ...