If you’re self-employed, you might qualify for the home office deduction. This allows you to deduct some of your housing expenses, like your rent, utilities, cleaning service and repairs. If you’re employed by someone else, you can’t claim the deduction on your federal taxes even if you work full-time from home. If you qualify, there are two ways to calculate the home office deduction – the actual expense method and the simplified method. Watch this video to learn more about the home office deduction.
Working from home tax deductions:
turbotax.intuit.com/tax-tips/self-employment-taxes/working-at-home/L2kGqScuu
00:00 Intro
00:10 Home Office Deduction Explained
00:23 Who Qualifies for This Deduction?
00:58 How To Calculate Home Office Deduction (Actual Expenses Method vs Simplified Method)
FAQ
Who qualifies for the federal home office deduction?
Generally, individuals who are self-employed can claim the deduction if they use a part of their home exclusively and regularly as e...