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FP 308B Office and Retail Income and Expense Report Otr Cfo Dc Form

FP 308B Office and Retail Income and Expense Report Otr Cfo Dc Form

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our verified team is working for you and a five on your side viewer emailed our verified team wanting to know if all of this working from home during covid can save him some cash on his 2020 tax return we set out to verify the question can i deduct my work from home expenses during coronavirus on my tax return our source dave finklang a certified public accountant with anders cpas and advisors dave says in 2018 tax reform changed things if you are an employee that receives a w-2 you're out of luck think of any of your utilities no longer deductible part of your mortgage interest not deductible real estate taxes part of that not deductible so unfortunately as as part of the tax cuts and jobs act one of the things they took away from us to lower all the tax rates was the ability to take the home office deduction but what if you don't get a w-2 people who are self-employed or contractors get a 1099 form instead at the end of the year our expert says that means you are elig

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