Home office deduction: Here's who qualifies and how to claim it on your taxes

In 2024, W-2 employees are restricted from claiming home office deductions, highlighting a significant shift since prior tax policies. Only freelancers, contractors, or self-employed individuals can potentially benefit if their home office is used "regularly and exclusively" for business. A recent ZipRecruiter survey showed a decline in fully remote positions at 7%, contrasting with the 40% allowance for hybrid work. The elimination of the miscellaneous itemized deductions for W-2 employees further complicates the home office deduction landscape introduced via the 2017 tax cuts, affecting many who worked remotely during and after the pandemic.

You may be able to claim the home office deduction if you're a freelancer or self-employed and use your space 'regularly and exclusively' for business.

With only 7% of companies allowing fully remote work, those working from home will find it challenging to qualify for home office tax deductions.

Read at NBC4 Washington