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Ask HN: What % of your home is a tax writeoff?
My wife and I both work from home. A large part of our apartment is our workspace. Generally, when we are "off" work we go out or sleep. Just curious for tax purposes what others have used as a percent of their home being considered their work space, and what did you do to make sure you were following guidelines.
- pwg 6y agoThe best answer you can be given is: consult a tax attorney. Why is this the best answer? Because doing the wrong thing can result in expensive penalties.
- uberman 6y agoAre you self employed? As a result of the TCJA, for the tax years 2018 through 2025, you cannot deduct home office expenses if you are an employee. see also: https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv https://turbotax.intuit.com/tax-tips/small-business-taxes/th... I strongly caution you to talk to a small business tax expert.