Self-employed and contracted workers can claim home office deductions for mortgage interest, property taxes, insurance, and utilities. Remote W-2 employees may also claim if their employer can't provide an office elsewhere.
Educational expenses, including courses and materials, are tax-deductible for self-employed individuals and those with employer training budgets. Verify growth opportunities in your work contract.
Self-employed individuals and independent contractors can deduct up to $1,050,000 for essential office supplies and equipment. Vehicle mileage for work purposes can also be tax-deductible.
Vehicle mileage for work can be deducted by calculating actual expenses or using the IRS mileage rate. Claiming these tax expenses for remote work can be advantageous.
#home-office-deductions #tax-deductions #educational-expenses #office-supplies #vehicle-mileage-deductions
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