Who qualifies for the home office deduction on their taxes?
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Millions of Americans worked from home — at least partially — during the coronavirus pandemic years and now many are wondering if they can claim the home office deduction on their federal taxes. The answer depends on what type of an employee you were the year prior, said Julia Glum, a news editor at Money. "Unfortunately, in general, if you are an employee, you do not qualify for a home office deduction," Glum told CBS News. For the last few years, the only people who qualify for the deduction are self-employed, small business owners, freelancers or other types of independent contractors. The home office deduction allows these workers to subtract the money they paid for home office expenses from their income, thus reducing their overall tax liability for the year. Those who qualify can deduct things like desks, home repairs, office supplies and portions of their mortgage interest and utilities, she added. Homeowner