20 tax deductions for home-based businesses 1. Rent payments If you rent the place where you live and you have a dedicated room that is used specifically for your office, you may be able to take ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

The home office deduction is a tax break for self-employed people who use part of their home for business activities. Here's how it works. Many, or all, of the products featured on this page are ...

If you're a W-2 remote employee hired for a period of time to complete ongoing work on a company's payroll, you probably ...

Expenses like a home office, car, insurance, and even your education bills could get you a big tax break Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

Running your business from a dedicated space in your home on a regular basis can also qualify you for a deduction. "If you have a dedicated workspace at home, the home office deduction can be one ...

Like millions of people in the U.S., you may be fortunate to work from home. (Data show that the number of people working from home nearly tripled over the past few years). That may make you ...

Roughly 37% of filers qualify. 1. The home office deduction If you work from your home or use part of it in your business, then self-employment tax deductions like this one could get you a break ...

That said, per Kiplinger, "if you're an employee at a 'regular' job, but you also have your own side hustle, you can claim deductions for business expenses and the home office deduction for your ...

For home-based businesses, rent might fall under the home office deduction, which is covered below. Business travel, including airfare, hotels, and ground transportation, can be deducted if it is ...

If you operate your business out of your home, a drive from your home to a ... In choosing the method that yields the higher deduction, the number of miles you drive each year is probably the ...