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2. 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 ...

3. 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 ...

4. 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 ...

5. Guide to Home Office Tax Deduction - AOL

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

   "I had to explain to a client why she, as an employee, lost the deduction, and yet her husband, who was a freelancer, kept his," says Morris Armstrong, an enrolled agent in Cheshire, Connecticut ...

6. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   Under United States tax law, the standard deduction is a dollar amount that non- itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

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

   www.aol.com/t-write-off-home-office-130201617.html

   In 2022, 60 million people did freelance work, primarily from their home office. Now... Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...

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. Taxes 2022: How Small Businesses Can Deduct Home Office ... - AOL

   www.aol.com/taxes-2022-small-businesses-deduct...

   Multiply this percentage by the sum of your home’s total allowable expenses. Using the simplified method, multiply your office’s total square footage by $5. The maximum size for this option is ...