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Ask HN: What % of your home is a tax writeoff?

1 pointsby dvduvalalmost 5 years ago
My wife and I both work from home. A large part of our apartment is our workspace. Generally, when we are "off" work we go out or sleep. Just curious for tax purposes what others have used as a percent of their home being considered their work space, and what did you do to make sure you were following guidelines.

2 comments

ubermanalmost 5 years ago
Are you self employed? As a result of the TCJA, for the tax years 2018 through 2025, you cannot deduct home office expenses if you are an employee.<p>see also: <a href="https:&#x2F;&#x2F;turbotax.intuit.com&#x2F;tax-tips&#x2F;small-business-taxes&#x2F;the-home-office-deduction&#x2F;L1RZyYxzv" rel="nofollow">https:&#x2F;&#x2F;turbotax.intuit.com&#x2F;tax-tips&#x2F;small-business-taxes&#x2F;th...</a><p>I strongly caution you to talk to a small business tax expert.
pwgalmost 5 years ago
The best answer you can be given is: consult a tax attorney.<p>Why is this the best answer? Because doing the wrong thing can result in expensive penalties.