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2. 7 rules for taking a work from home tax deduction - AOL

   www.aol.com/finance/7-things-know-taking-home...

   You’re only allowed to deduct the gross income you earn from self-employment, though. That means if you earned $1,000 from your side hustle plus a $50,000 salary from your regular job that you ...

3. Work From Home Tax Deductions: How To Claim Them - AOL

   www.aol.com/home-tax-deductions-claim-them...

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4. When You Can and Can’t Write Off Home Office Expenses - AOL

   www.aol.com/finance/t-write-off-home-office...

   The way the deduction is calculated is by taking $5 per square foot of your home office up to 300 square feet, for a $1,500 maximum deduction. To qualify for this deduction, you have to be self ...

5. Section 179 depreciation deduction - Wikipedia

   en.wikipedia.org/wiki/Section_179_depreciation...

   First, there is a dollar limitation. Under section 179 (b) (1), the maximum deduction a taxpayer may take in a year is $1,040,000 for tax year 2020. Second, if a taxpayer places more than $2,000,000 worth of section 179 property into service during a single taxable year, the § 179 deduction is reduced, dollar for dollar, by the amount ...

6. Taxes: What you can actually deduct after working from home ...

   www.aol.com/finance/taxes-actually-deduct...

   As part of the home office deduction, you can write off some of your utility expenses, taxes, insurance, repair, and depreciation. There are two ways to figure out how much to deduct: Simplified ...

7. Guide to Home Office Tax Deduction - AOL

   www.aol.com/news/guide-home-office-tax-deduction...

   There's a lot of confusion around the home office deduction because many remote workers who took the break in the past are no longer eligible -- the Tax Cuts and Jobs Act eliminated the home ...

8. A Guide to the Home Office Tax Deduction - AOL

   www.aol.com/news/guide-home-office-tax-deduction...

   The number of people who work from home exploded in 2020 because of the COVID-19 pandemic. Some people will be able to take a tax deduction for their home office expenses, but many will not.

9. Should you itemize or take a standard deduction on your tax ...

   www.aol.com/news/itemize-standard-deduction-tax...

   The home office deduction is also easy to miss. If you have a dedicated home office for your business, $5 per square foot can be deducted. Retirement fund contributions can also be deducted, Hall ...