Over the past five years, the number of Americans working from home full-time has seen a significant shift. However, despite ...
Many Americans may think that because they work from home, they can take tax deductions for a portion of their rent, utilities and more. Not so fast. Not everyone qualifies to do that. Wage employees ...
Remote work has radically changed our conception of "the office." The Pew Research Center estimates that 14% of all employed adults over 18, or roughly 22 million people, are currently working from ...
Working from home has its perks, and one of them could be a tax break — if you qualify. The home office tax deduction lets self-employed individuals, freelancers and small business owners write off ...
The 2025 tax season is officially underway, and the Internal Revenue Service (IRS) is already processing early submissions ahead of the April 15 deadline. Among these, the IRS is particularly vigilant ...
The home office deduction allows some filers to claim a tax break for expenses incurred working remotely. If you were a W-2 employee in 2024 — meaning your company withholds taxes from your paycheck — ...
If you worked remotely in 2024, you may be eyeing the home office deduction. However, qualifying for the tax break may be harder than you expect, experts say. Only 7% of companies allowed fully remote ...