A popular tax deduction that is often taken yet needs additional consideration is the home office deduction. It’s relatively easy for taxpayers to deduct the cost of a home office. To qualify for a ...

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 ...

Today's job market offers a range of employment options, many of which make it possible to earn income from home. However, working from home doesn't automatically qualify you for the home office tax ...

The SALT deduction temporarily jumped to $40K under Trump’s tax reform, and the $750K mortgage interest cap is now permanent, boosting homeowner savings.

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 ...

Millions of Americans began working remotely or from home during the coronavirus pandemic. Others decided to take the leap amid the "Great Resignation," start their own business and become their own ...

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. Stream Los Angeles News for free, 24/7, ...

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 — ...