In the wake of the pandemic, there’s a good chance you worked from home for part or all of 2020. As a result, you might be wondering whether you can at least save some money by writing off your ...

Prior to the Tax Cuts and Jobs Act (TCJA) of 2017, full-time W-2 employees could write off some of their unreimbursed home office expenses as itemized deductions. Unfortunately, this popular tax ...

Following the COVID-19 outbreak, there has been a surge in people working from home in the USA. That means there are more home offices than ever before, but not all of them are eli ...

The Tax Cuts and Jobs Act went into effect in 2018, eliminating the home office deduction for people who work for an employer, among other tax changes. The law is currently scheduled to expire at ...

Note that if you bought your home before December 16, 2017, the deduction is limited to interest on mortgage debts below $1 million. The TCJA lowered this limit to $750,000 for mortgage debt taken ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the deduction and how to take it.

Simply put, the home office deduction allows you to write off part of your home expenses on your business tax return by separating out the costs associated with using your home for personal ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Since 1999, the home-office deduction is no longer a red flag ...

The number of U.S. taxpayers claiming home office deductions has grown from more than 1.5 million in 1991 to nearly 3.2 million in 2005, the most recent tax year for which figures are available ...

Note that if you bought your home before December 16, 2017, the deduction is limited to interest on mortgage debts below $1 million. The TCJA lowered this limit to $750,000 for mortgage debt taken ...

Note that if you bought your home before December 16, 2017, the deduction is limited to interest on mortgage debts below $1 million. The TCJA lowered this limit to $750,000 for mortgage debt taken ...