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How To Take a Home Office Tax Deduction When You Work From Home
How To Take a Home Office Tax Deduction When You Work From Home
The home office tax deduction is changing big-time for tax year 2020. If you work from home, read closely to save for this filing year as well as the next.
Margaret Heidenry, provided by
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Of all the tax breaks available, the home office tax deduction is among the murkiest and most misunderstood. And the passage of the 2018 Tax Cuts and Jobs Act has made things even more complicated.
So if you work at home, what should you do? Allow us to explain exactly who can take the home office tax deduction these days and who can t as well as how to do it right. Here s what you need to know before filing this year.