this post was submitted on 11 Apr 2024
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submitted 7 months ago by sexy_peach@beehaw.org to c/memes@lemmy.ml
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[–] player2@lemmy.dbzer0.com 3 points 7 months ago (2 children)

Don't forget to deduct your home office if you work from home.

[–] swiftcasty@kbin.social 12 points 7 months ago

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

[–] scytale@lemm.ee 0 points 7 months ago (1 children)

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”?

[–] swiftcasty@kbin.social 6 points 7 months ago

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 :')