I’ve worked remotely my entire career. It’s amazing.
I get to pet my dog all day, work in sweatpants, do errands in the middle of the day, and avoid heinous commutes.
Also, I get a nice tax break every year.
Since I have a home office, I can use the home office deduction on my taxes. This saves me several hundreds of dollars a year.
If you have a home office and self-employed, I strongly recommend that you take advantage of this.
What is the home office deduction?
The home office deduction provides a tax break for taxpayers who use a part of their home for business. It isn’t limited to homeowners – it’s also available to renters and people who live in apartments, condos, and any other type of home.
There are three basic requirements for claiming the home office deduction:
- You must be self-employed.