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tllvr
New Member

I work from home but don't own a business, is there anything I can use for tax right offs?

I work for a large corporations
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2 Replies
AamilD
Expert Alumni

I work from home but don't own a business, is there anything I can use for tax right offs?

No you will not be able to deduct any home related expenses while working for a company. Since tax reform became law in 2018, generally only self-employed people can claim tax deductions when working from home. Working as an employee and for yourself doesn’t necessarily disqualify you from taking these tax deductions. The deductions have to be related to your self-employed income rather than your employee work.

rjs
Level 15
Level 15

I work from home but don't own a business, is there anything I can use for tax right offs?

Do you get a W-2 or do you get a 1099-NEC?

 

If you get a W-2 you are an employee and you cannot deduct job-related expenses.

 

If you get a 1099-NEC you are an independent contractor, which means you are in business for yourself. You are the business, and  you can deduct business expenses.

 

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