01/31/2023
The number of employees working from home has grown considerably do the COVID-19 pandemic. Just a few years ago, these employees may have been eligible for tax deductions that were unavailable to in-office employees. Now, with only a few exceptions, only self-employed people can claim tax deductions when working from home.
Since the 2018 tax reform became law, generally only self-employed people can claim tax deductions when working from home. Working as an employee and yourself doesn't necessarily disqualify you from taking these deductions either. The deductions have to be related to your self-employed work. For example, you'll need to be sure your home office is only in support of your self-employment and not your job as an employee. For deducting home office space on your tax return, the IRS requires these expenses to be used exclusively for your self-employed business. For your other expenses such as phone and internet, you can split these between working for yourself, as an employee, or as a personal expense.
Before you claim these deductions, be sure you meet the IRS' criteria and book a free Virtual consultation with me! During our virtual meeting, we can discuss your business and what is the best way to file, in the end, you will have a free estimate!
