2022 tax deductions for employees who work from home
Did you know that approximately 26% of Americans worked from home during 2021? And that number is expected to remain relatively stable for years to come. In fact, about 22% of the US workforce is expected to be working remotely until 2025according to the freelancing platform Upwork.
If you were among the displaced workforce last year, you’re no doubt wondering if my new home office is tax deductible. Are there additional deductions or credits that can be taken when filing their taxes before April 18, 2022?
TheStreet’s Tracy Byrnes sat down with Lisa Greene-Lewis, CPA and TurboTax expert to get the answers.
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Quotes| Taxes and remote work: deductions for employees who work from home
Lisa Greene-Lewis, CPA and TurboTax Expert
Lisa Greene-Lewis, CPA and TurboTax Expert
Video transcript:
Tracey Byrnes: Many people continue to work from home. You are in the office? Are you out of the office? What deductions can you take? Can I take that home office deduction? Am I working on the dining room table? What is happening?
Lisa Greene-Lewis, CPA, TurboTax Expert, is here with us right now. Look, a lot of people are still at home and they are going to stay home. So do they get additional deductions or credits because of this?
