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With tax season just around the corner, knowing how to navigate work from home tax deductions can help you save time — and money — on your returns.
Luckily, you can deduct half of self-employment taxes paid on your tax return. 2. Home Office. If you work from home and have a dedicated office space, you can deduct a portion of expenses like ...
The government expects a cut of your Uber or Lyft earnings. Fortunately, there are a number of tax deductions you can take advantage of to reduce how much you owe.Image source: Getty Images.
Working from home is great, but it often comes with surprise expenses. Here are 11 tax deductions you can’t afford to overlook. 7 rules for taking a work from home tax deduction [Video]
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
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