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Medical expenses: Typically, you can deduct medical expenses (including dental) using Schedule A (Form 1040) if those expenses exceed 7.5% of your adjusted gross income.
If you work from home and have a dedicated office space, you can deduct a portion of expenses like mortgage costs, property taxes, utilities and home repairs. You’ll need to calculate your ...
Tax season is here and many remote workers are wondering what expenses they can write off while working from home. In 2022, 60 million people did freelance work, primarily from their home office.
If you're self-employed and use part of your home for business purposes, you may be able to deduct certain related expenses. To claim the home office deduction on your 2021 tax return, the IRS says...
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]
The 2017 tax reform law ended the ability for most taxpayers to deduct expenses for working from home just in time for millions more people to begin working from in response to the Covid pandemic.