topic Do I need to reduce the percentage of my income earned us... in Deductions & credits

Percentage of income earned using home office

jf — Sat, 01 Jun 2019 01:27:38 GMT

I work from home but occasionally have field work and attend meetings at clients' offices. Do I need to reduce the percentage of my income earned using the home office by the amount of time spent elsewhere?

That doesn't affect your income. But if you have a home...

VolvoGirl — Sat, 01 Jun 2019 01:27:41 GMT

That doesn't affect your income. But if you have a home office you can take deductions on schedule A for it.

Enter employee Home Office under
Federal Taxes Tab
Deductions and Credits
Choose Jump to Full List -or I'll choose what I work on
Then scroll way down to Employment Expenses
Job-Related Expenses - Click the Start or Update button

You need to answer YES to both questions about regular and exclusive use.

But it is a Misc Deduction and only the amount OVER 2% of your AGI is deductible so it might not be worth putting it in, unless it's a lot. And then the total of ALL your itemized deductions has to be more than the standard deduction to get any benefit.

Do I need to reduce the percentage of my income earned us...

Critter — Sat, 01 Jun 2019 01:27:43 GMT

Do I need to reduce the percentage of my income earned using the home office by the amount of time spent elsewhere?

No ... the % of time earned elsewhere doesn't include a client's office ... it has to do with if YOU had another office out of which you worked.