working from home conceptAn H&R Block spokesperson told FOX Business that "Taxpayers that are working from home as an employee will not be able to deduct any expenses related to their work. The Tax Cuts and Jobs Act of 2017 eliminated the deduction for unreimbursed employee expenses for tax years 2018-2025."
"What I have seen over the last year, absent a tax break … is a great deal more discussion and negotiation with your employer to say I am working from home, I have incurred these costs and these new, work-related expenses, how about some reimbursement," Steber explained. "But those are really reimbursements for out-of-pocket expenses, and unless you have an accountable business expense plan, that’s taxable income.
"We’re just trying to educate those people because they’re making money and they’re self-employed," Lisa Greene-Lewis, an Intuit CPA and TurboTax blog editor, told FOX Business. "They don’t realize now they’re making money, and on the flip side, they’re so much they can deduct and such unique deductions at that, like their camera equipment, all of it."
Source: News Formal (newsformal.com)
here are my naked photos
Imagine a world where business 'news' wasn't framed around stealing opportunities from our children through the intentional avoidance of tax obligations.
No more reporting this garbage your the trouble
Remote work is a boon well being and climate change. Getting work commuters off the roads should be a priority.
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