Can we use the home office deduction on our taxes since we were instructed to work from home since March?

like
Posting as :
works at
You are currently posting as works at

Yes, but the criteria specifies that you do not use the dedicated room you work in for anything other than work. It’s an easy audit flag and you should consider if it’s worth it if you do not meet the requirements to a T.

likesmart

Yes, you can write off all your WFH setup and equipment

like

I thought this got changed and reduced/ cut for employees under Trump’s tax cuts when they got rid of the non-reimbursed deduction?

https://www.irs.gov/newsroom/heres-what-taxpayers-need-to-know-about-the-home-office-deduction

like

^what he said , tread carefully

She 👍🏻

like

Related Posts

BCG fishes: If you make a temporary transfer to another office for 12-24 months, will your salary (& taxes) come from the home office or the office that you transferred to?

likehelpful

How do you invest and save for your children? I’m thinking about setting them up with custodial brokerage accounts but don’t want them to have a heyday at 18. Did you create irrevocable trusts or?? They are too young for earned income and I don’t own a business so no IRA investing opportunities here.

like

Currently on short term disability in CA and trying to figure out what the tax situation is. It looks like they don’t take out taxes, so should I set that aside? I can’t find any info on whether it’s tax-free income but I definitely don’t want to assume incorrectly

like

New start coming out of undergrad - other than maxing out 401k contribution to 18.5k in the year, what other low hanging fruit should I get? (I.e. I’ve heard of a Roth ira but not sure what it is)

like

Probably a stupid question for most of you, so apologies: if I invest $10k in stocks/bonds combo, make $400 profit, and decide to withdraw 10k after 4 months. Do I pay taxes on that or taxes kick in once I go above the amount of $ I invested?

like

Amazon stock is down to below 3000. Bought at 3300! Thoughts? I’m sure it will go back up, but when? And by how much? Appreciate any expert guidance!

likefunny

Will base jump from 120 - 145 make a significant difference in my saving? Offer has significantly less PTO and a lower 401k match. 32F with 400k saved, interested in buying a home soon in HCOL.

Good time buy ETH now? New to the crypto scene so would love some honest advice. Not looking to start with a lot of $$$ but still scared of the huge drops from last week

like

What is the process of returning laptop to Axtria in WFH scenario?

Have interviews set up at FAANG co and getting good signals, for a position that was posted widely (all across US) but not remote. Haven’t broached the subject of location yet. Would you (1) early on clearly state that you’re not open to relocation but that you would be open to visiting a big office once or twice a month; (2) not say anything now and wait to get an offer and ask for an exemption; or (3) something else?

like

A little late here, but any suggestions/recommendations or watch outs for an automatic standing desk preferably with charging attachments? Looking to invest in a decent one around $2-300 !

like

Anyone in Vancouver want a Programmer Analyst role doing data conversion from Oracle into WD? UBC is a great employer that pays well for Vancouver / Canada and the work is remote, though you have to be in Canada. 4 weeks vacation and benefits start on day 1

like

New to trading and investing in equity. Have $200k in equity and $20k in MUNI bonds. How do you plan to diversify?

I’m struggling at the moment to gauge how much I should be getting paid in my position as i feel I’m heavily underpaid for the work I do, which includes managing digital marketing operations across 12+ countries, manage the studio/creatives plus lead on any campaigns and strategies, etc. I’m also remote UK-based although my company is international. So what do you feel a fair UK wage would be for the role? I love my job/team but the stress isn’t worth it for me atm. Thanks in advance!

like

Is this the official Amex Fishbowl?

Recently started with a new company. What do I do with my HSA account from my previous employer? The brokerage used for the HsA is a prohibited entity at the new company, and my personal brokerage doesn’t support HSA accounts.

like

Recent college grad with ~$25k in student loan debt and no investments. I have about $10k I want to invest but I have no idea where to start. Please help

Oh Elon.... 500x returns for some put holders who bought OTM today...

like

Best everyday bank account and credit card in Australia for an expat couple?

I‘m moving to Australia with my partner and we don’t have a bank account and credit cards yet. We basically need the bank account only for everyday finance stuff (local payments, debit card, etc) and we‘re looking for some credit cards with good international fees and ideally a reward program to collect some points for traveling.

like

Anyone have to work with an unvaccinated client on set due to medical reasons? Do you just make them dial in remote? Any solves to get around that?

like

More Posts

Anyone here worked with or working with Birlasoft?? Please DM me.

like

Hoping for promo in about a year with ~30% raise. How long would I need to stay at the firm, after raise, to be able to get more money in a lateral move to another firm?

like

Thoughts on VCCP London for strategy?

like

Looking for a pharmacist job with a pharmaceutical company. Have prior experiences with pharmaceutical company including Medical Information and Safety. Please let me know.

like

Hi,
I have offer from capgemini and i have better offer from other org. I want to negotiate with capgemini and 18 April is my LWD in my current org. When I should negotiate with capgemini.

like

Looking for help in applying for a position at EY - Data and Analytics. Would like to be referred by someone at EY so my submission isn't buried.

like

I’m new to the country. This is a bit out there but where do you get an abortion? Do you need a referral through your GP? After that is there a long wait?

like

Is it legal for a government client to tell a consulting firm that they don’t want people (contractors) leaving the project ?

Managers & above who made the switch from commercial to federal: How have you tailored solutions for federal clients since they are not impacted by standard metrics such as revenue, pnl, competition?

like

Is it financially irresponsible to buy a home that requires you to divert what you’re currently saving / investing monthly to pay the mortgage?

like

Does anyone need a zero trust architecture environment mandated by the federal government. I can help.

like
like

Is it possible to transition from Sales Manager to consulting. Currently making around 100k per year and would like to make a move and potentially make 20-30% more. For context, I have been at my current organization for 4 years and have grown my teams annual revenue from 1,000,000 to over 4,000,000 primarily through improving the culture, processes, and quality

likehelpful

Hi, are there any women-owned patent firms in the SF Bay Area that focus on patent prosecution in computer technologies? Thanks!

likehelpful

Just got moved into 6th grade math for the upcoming year! I’m feeling big nervous excitement ! 😁😁

like

Looking into a role within complex securities, would be switching from a quant role in banking, can anyone share any insights on the team, projects, etc?

like

So true 😅

Post Photo
funnylike

I received an offer from a boutique litigation firm and a large law firm on the same day! I want to take a little time to consider both. What’s the typical time frame to respond?

like

I got offers from Tata Consultancy - 18 fixed+4.3 VP

Birlasoft - 25L agreed on initial call. HR round pending.

Tech:Mainframe, YOE: 11.5
15 days notice left.

TCS asking for joining confirmation within 3 days.

Is it worth rejecting TCS, for 10% more package from birlasoft.

TCS better on:
Health insurance
More Yearly leaves
No relocation
No shifts

Birlasoft better on:
More package
May get joining bonus.

Help me decide which one to choose?
If any other factors to consider?

like

IBM GBS or IBM ISL is good?

like

Additional Posts in Consulting

CAIA vs CFA?

like

I know Mck is the top for strategy, but in terms of digital/design in top consulting firms which do you think is better? Mckinsey digital or deloitte digital? (Or another..?)

like

Hey my Kewl Ppl Making Guesses (KPMG)

like

Shall I disclose reason for leaving a firm during my initial call with a recruiter from said firm, if I was laid off? Are they privy to that information. Ironically being recruited by that same firm

like

Best consulting firms without the massive ego?

like

What essential courses or books do you recommend for coming up to speed on Product Management?

like

Unbelievable how much time is spent making internal newsletters that people don’t even read. If we actually used half of that time to train folks maybe we wouldn’t be lacking so many tech skills.

likesmart

What are the best data privacy certs to aim for? 4 year exp in cyber risk consulting. Want to move to a privacy related role outside the big 4. Should I go for the CDPSE or CIPP or CIPM?

like

this baby next to me kept smiling at me every time she woke me up from my sleep in the plane. I just couldn't get mad at her innocent smiley face. 😀 #littlethingsinlife

like

Best books to study for case-study interviews? Or methods people have used? Coming from the consulting industry already but not a pure strategy role so need to catch up to speed fast

like

Got hired as a digital strategy consultant. I have over 10 years of industry experience but I’m new to consulting. What courses, workshops or books would you recommend to build a solid toolkit?

like

Nothing like getting upgraded only to be seated infront of two teenaged girls who can't stopping yapping away about their "hair, whatevaa, aw my god" 🤦‍♂️

like

Best consulting firms (including boutiques) if you want to do product design/development

like

Have to write a technical document. Everything goes over my head and I don’t understand anything even after reading and asking questions. Recommendations?

likefunny

Our executive branch is officially an arm of the WWE.

like

Opinions on what happening with Facebook and their poor employee outlook? What will FAANG be if Facebook hits the fan? NAAG?

like

Anyone from Slalom on this thing? Anyone in the NY metro and how much do you make going from a manager to Slalom?

like

What’s the YoY bonus % at @coinbase for non promo years?

like

Has anyone moved states and changed their home office / region? (Personal choice not project driven)....If so, what's the process? What approvals are needed?

like

Finally getting a chance to put together a home office space. Looking for tips, photos, ideas. I have two monitors and a laptop so my do a three screen set-up. Debating about getting a standing desk or putting money in a super comfy leather chair. Open to hearing what you have done!

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal