Re:Dropbox Converts to Permanent WFH
by hn_throwaway_99 on Thursday October 15, 2020 @11:55AM
(#24789960)
> But most people don't know that there are massive tax benefits to working from home (at least in Canada)
That's generally not true for workers in the US. If you are self-employed, yes, you can take a home office deduction, but not if you are a W2 employee.
The US used to have an "unreimbursed employee expense" itemized deduction, but even then there was a pretty high floor (had to be more than a couple percent of your total income) so most people couldn't make use of it. That deduction was eliminated in the 2018 tax law.
That's generally not true for workers in the US. If you are self-employed, yes, you can take a home office deduction, but not if you are a W2 employee.
The US used to have an "unreimbursed employee expense" itemized deduction, but even then there was a pretty high floor (had to be more than a couple percent of your total income) so most people couldn't make use of it. That deduction was eliminated in the 2018 tax law.