Having a home office is something that more and more people are doing. It might be that they have to – the current state of the world may well have made the issue a non-negotiable one. It may be that this is the most productive way they have found to work. Perhaps it’s because it makes childcare easier, or offers a much better work life balance. Maybe you’ve started your own business (as a side hustle or full time) and you need somewhere to work.
As for employers, there are many benefits for them too. Better productivity, happier employees, and the fact that they get to save a lot of money will all come into their reasoning for allowing their staff to work from home.
Yet despite the fact that home working has become so commonplace, many workers – and their employers – still aren’t entirely sure of all the rules surrounding it. This is especially true when it comes to taxes and what you can claim – and what you’re not allowed to claim – for your home office. Read on to find out a little more about what you might be able to get when it comes to tax breaks, and you might just be surprised.
Infographic Designed By Keeper Tax