Many freelancers work out of your homes. A home office deduction has to do with the part of your home that you use exclusively in their business. A home office deduction only relates to that part of your home which is exclusively used for business. The deduction itself is calculated on Form 8829 and is subject to a variety of requirements. If eligible, the amount able to be deducted is carried over to Schedule C.
Latest posts by FreelancingGig (see all)
- Freelancers, Crypto Payments, and Taxes: An Ultimate Guide - March 17, 2023
- Freelance Environmental Consultant for Corporations: 4 FAQs About the Role Answered - February 11, 2023
- The Benefits of Taking Your Business Online With Print on Demand - January 20, 2023