Working from home? Home office tax deduction may not apply

  • By cvbizz
  • January 5, 2021
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via wyff.com

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KCCI 8 NEWS AT 6:00. STEVE: YOU MAY STILL BE WORKING FROM HOME TO THE PANDEMIC SO YOU MAY BE WONDERING IF YOU QUALIFY FOR A HOME OFFICE TAX DEDUCTION.

“If you’re working as an employee for someone else, and you’re working from home, you would not be eligible for the home office deduction,” Gara said in a Zoom interview on Monday. “Currently, if you’re an employee at the moment you’re kind of out of luck.”

IRS Requirements to Claim the Home Office Deduction

Regardless of the method chosen, there are two basic requirements for your home to qualify as a deduction:

  1. Regular and exclusive use.
  2. Principal place of your business.
  3. Learn more at https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction

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