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Does this mean independent contractors and small (1-2 people) companies can start deducting these things?
by chrischen 3y ago
Does this mean independent contractors and small (1-2 people) companies can start deducting these things?
- timtom39 3y agoYou can already deduct many of these and should be. Talk to an accountant but deduction is usually ratio of usage for work vs personal. Also, keep your personal and work expenses very separate in case there is ever an audit.
- smileysteve 3y agoIndependent contractors and small (self-owned) companies should definitely be claiming the home office expense... There has not been a point in the last 40 years where they shouldn't be https://www.irs.gov/credits-deductions/individuals/home-office-deduction-at-a-glance https://www.irs.gov/credits-deductions/individuals/home-offi...