"Your home office can be a sanctuary - a place to escape noise and focus on your favorite projects. However, it works best when the space is comfortable and functional. That's why, if you're considering upgrades for your home office, now is an excellent time to do so. Many retailers are offering sales this week, from Amazon Prime Big Deal Days to Walmart Deals."
"If you're a regular employee working from home, you won't be eligible to claim your office expenses as deductions on your tax return. Meanwhile, if you're self-employed, you will be eligible to deduct certain purchases on your tax return. Qualified purchases include: Computers or laptops Printers Postage Office supplies Office furniture Make sure to keep documentation of all purchases you made. You'll need them when you submit Schedule C (Form 1040) of your tax return."
Home office upgrades can increase comfort and functionality to support focused work and reduce fatigue. Major retailers are running sales, including Amazon Prime Big Deal Days and Walmart Deals, offering discounts on laptops, tablets, chairs, printers, headphones, and earbuds. Choosing the right chair can reduce lower back pain and fatigue. High-quality printers improve the polished appearance of work. Noise-isolating headphones and earbuds support concentration and allow listening to podcasts or music while working. Self-employed individuals can deduct qualified purchases such as computers, printers, postage, office supplies, and office furniture on Schedule C. Maintain documentation of all purchases for tax reporting purposes.
Read at Kiplinger
Unable to calculate read time
Collection
[
|
...
]