Are you working from home and wondering what expenses you can claim on your taxes? Whether you’re a freelancer, remote employee, or self-employed, understanding eligible deductions can help you save money while staying compliant with tax laws.

Home Office Expenses

If you use a dedicated space in your home for work, you may be able to claim a portion of your rent, mortgage interest, or property taxes. The amount you can deduct depends on the percentage of your home used for business purposes. Keep accurate records to support your claim.

Utilities and Internet

Expenses like electricity, heating, and internet service can be partially claimed if they are used for work. Calculate the percentage of time these services are used for business versus personal use to determine your deduction.

Equipment and Supplies

Office supplies, computers, printers, and other necessary equipment for your work-from-home setup may be deductible. Some items can be claimed in full, while others may need to be depreciated over time.

Professional Services

Fees for accountants, legal advisors, or software subscriptions (like project management tools) that are essential for your work may also qualify as deductible expenses.

Travel and Communication

If you travel for work-related purposes or incur phone bills for business calls, these costs might be eligible for deductions. Keep detailed logs to justify these claims.

Conclusion

Maximizing your work-from-home tax deductions requires careful record-keeping and an understanding of eligible expenses. Consult a tax professional to ensure compliance and optimize your savings.

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