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May 22, 2024
Question

Home.office deduction

  • May 22, 2024
  • 1 reply
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I am a remote worker, of which i receive W-2 income. I also run a non profit and my insurance business out of the same home office. Can i take the home office deduction for my W-2 in

    1 reply

    Employee
    May 22, 2024

    No---- W-2 employees cannot deduct job-related expenses on a federal tax return.

     

    Sorry---W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond.  Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.

     

     

    If you live in a state that lets you deduct job-related expenses, the information will flow from your federal return  to the state return, so enter it in Federal>Deductions and Credits>Employment Expenses>Job-Related Expenses

     

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/employees-deduct-job-related-ex

     

     

    We do not know what you mean when you refer to "my insurance business" -- and "run a non-profit" so you need to clarify.   If you are self-employed for those sources of income then you will have to use the correct software and prepare a Schedule C for the expenses related to self-employent income only---not for your W-2 income.

     

    https://ttlc.intuit.com/questions/2926899-how-does-my-side-job-affect-my-taxes

     

     

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/form-1099-nec/1099-nec/L5qTsBiSe_US_en_US

     

    https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653

     

    https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922

     

    https://ttlc.intuit.com/questions/2902389-why-am-i-paying-self-employment-tax

    https://ttlc.intuit.com/questions/1901340-where-do-i-enter-schedule-c

     

     

    https://ttlc.intuit.com/questions/3398950-what-self-employed-expenses-can-i-deduct

     

     

    https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-

    calculator-2021-2022-50907/

     

    https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

     

     

    https://turbotax.intuit.com/tax-tools/calculators/self-employed/

     

     

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**