How Small Business Owners Can Deduct Their Home Office From Their Taxes | TaxConnections How Small Business Owners Can Deduct Their Home Office From Their Taxes
If you are a W-2 worker — meaning your employer withholds taxes from your paychecks — you can’t take the home office deduction for 2023. However, freelance and contract workers with income reported via 1099-NEC may qualify. Your home office must meet specific guidelines to qualify for the deduction,. The home office deduction allows qualified How Small Business Owners Can Deduct Their Home Office From Their Taxes
