Quick Guide to Claiming Work-From-Home COVID-19 Expenses to Reduce Your Tax Bill - Think Outside the Tax Box

Quick Guide to Claiming Work-From-Home COVID-19 Expenses to Reduce Your Tax Bill

This information is particularly important if you are the owner/shareholder of your own corporation – C or S corp. You can set up payroll and designate tax-free reimbursements for you to be working at home – as well other tax-free money for you and for your employees. (We will discuss employees momentarily. Yes, it’s essential.)

If being an employee is your main source of income – watch out! The short answer to employees claiming an office in home deduction this year is...

There is no deduction!

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Think Outside the Tax Box provides tax reduction strategies along with practical implementation advice in order to reduce your clients’ federal tax bill with ease.

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