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this post was submitted on 11 Apr 2024
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Don't forget to deduct your home office if you work from home.
Small business owners can deduct their home office, employees cannot
Source: https://www.irs.gov/newsroom/how-small-business-owners-can-deduct-their-home-office-from-their-taxes
I was just officially classified as a remote employee in my company’s HR system, even though I’ve technically been working more at home than in the office since the pandemic. How exactly do I measure how much I should be deducting because of my home “office”?
Unfortunately that deduction is for small business owners, not employees.
Source: https://www.irs.gov/newsroom/how-small-business-owners-can-deduct-their-home-office-from-their-taxes
More context: I'm a full-time remote employee :')