Can You Claim the Home Office Tax Deduction?
Not long after Covid-19 began to spread wildly, companies that were able, changed their operation by having most employees work from their homes. During the month of May, 2020, over 35% of employees were working from home, according to a report published by the Federal Reserve Bank of Dallas.
This was about a 27% increase over the prior month of February, and it appears that the percentage will continue to rise over the coming months. If you are now classified as a full-time remote employee, you may be wondering if you’ll be able to qualify for the home office tax deduction on your 2020 tax return. View full post…