If you’re a remote worker or someone who works out of your home, even if you don’t own your own company, chances are there are a few home office tax deduction expenses that you’re not taking advantage of.
From a portion of your rent to part of your phone and internet bills, there are a ton of things that those who work from home have a chance to write off come tax season. Since many people aren’t aware of these, I thought I’d share some of the ones I’ve found out.
Note that I’m not a tax accountant (nor would you want me to be), so I am not giving legitimate tax advice. These deductions are based off my personal experience, so speak to your tax accountant to find out exactly what you can write off!
Whether your “office” is your kitchen island (guilty), a second bedroom or a den off the living room, there is a portion of your home space you use. That means that you can likely claim a portion of your rent for a home office tax deduction. You’ll have to check with your accountant about how much you can write off!
You can’t run an office without electricity! Go ahead, try… I didn’t think so.
You need power to run your equipment—whether it’s a computer, camera lights or anything else—which means that this is definitely one of those home office tax deductions that you should look at.
Do you chat with your boss a lot? Text? WhatsApp? Chances are you use your mobile phone for work. That means that you might be eligible to use your mobile phone for a home office deduction.
Do you need an ergonomic desk or chairs? Printer? Whiteboard? Chances are there are a few things that you need to operate in your home office, and a few of these might mean you’re eligible for a tax write off.
If you’re working from home, chances are that you can use your internet as a home office tax deduction. It’s highly likely that you need the internet to conduct your work, whether you use it to tap into the company’s server, conduct research or generally complete your work.
Get Help With Your Home Office Tax Deduction Perks
Figuring out the home office tax deduction perks that you might be eligible for can be a bit of a challenge unless your a tax genius (which I most certainly am not). If these possible savings opportunities are news to you then you’ll want to talk to your tax accountant about it. They can help make the most out of your yearly taxes.
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