Q&A of the Week December 8, 2021

Question:

Who can claim work from home unreimbursed expenses on their tax return?

Answer:

Due to the Tax Cuts and Jobs Act, employees are not eligible to claim work from home tax deductions through 2025.

Business owners and entrepreneurs can claim work from home tax deductions.

However, business owners who claim work from home tax deductions need to make sure that the expenses claimed qualify as a deduction. Also, there are differences in allowable deductions based on business structure.

In addition, business owners have two options for calculating home office deductions: Simplified Method or Detailed Method.

This article from CorpNet is a great resource for work from home tax deductions.