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 ...

Text Callout : Key Takeaways - Can You Take the Home Office Deduction? Many people whose jobs became remote during the COVID-19 pandemic still work from home. They may work entirely from home or on a ...

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 ...

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 worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote ...

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 ...

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. So ...

If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Stream Connecticut News for free, 24/7, ...