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 ...

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 ...

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 ...

20 BEST CITIES 'WORK FROM HOME' CITIES As a result, some workers may be eligible to take advantage of an IRS tax break for home offices. But it's important to read the fine print.

In order to qualify for a home office deduction, Marshall says there are at least four things you have to prove: You use part of your home exclusively and regularly for work.

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 ...

Small business owners and employees who work from home and who maintain a qualifying home office will be able to deduct up to $1,500 per year. The new option allows qualified taxpayers to deduct ...

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 ...