Can I Take a Home Office Deduction If I WFH?
With more and more people working from home during the COVID-19 pandemic, workers have invested in office supplies, home office furniture, and in some cases, new technology in order to create a proper remote work setting. These expenses have many taxpayers wondering if they're eligible for the home office deduction on their 2020 tax return. The short answer is yes — but only if you also use that home office for self-employed business activities. Here's what you need to know if you're a remote worker with a home office. What is the home office deduction? The home office deduction is for people who...
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