You may have heard that taking the home office deduction sends a red flag to the IRS and ups your chances of being audited. ![]() If I'm self-employed, should I take the home office tax deduction? However, for tax years 2018 through 2025, the itemized deduction for employee business expenses has been eliminated. Prior to the Tax Cuts and Job Acts (TCJA) tax reform passed in 2017, employees could deduct unreimbursed employee business expenses, which included the home office deduction. ![]() If you're an employee working remotely rather than an employer or business owner, you unfortunately don't qualify for the home office tax deduction (however, please note that it is still available to some as a state tax deduction). ![]() If I work from home, do I qualify for a home office tax deduction? If your small business qualifies you for a home office tax deduction, should you be concerned about triggering an audit? How does a business qualify in the first place? This article will delve into the most common questions about this tax deduction. Now that many of us are working remotely, you may be wondering whether working from home will yield any tax breaks. If you work from home, you should know these important tax implications of setting up a home office. 2020 saw an unprecedented number of workers and businesses transitioning to a work-from-home model.
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