{"id":324,"date":"2023-10-03T07:55:29","date_gmt":"2023-10-03T07:55:29","guid":{"rendered":"http:\/\/ws-srv-php81.in.webmyne.com\/Aacon.io\/?p=324"},"modified":"2023-10-03T07:56:05","modified_gmt":"2023-10-03T07:56:05","slug":"claiming-home-office-expenses-read-this-first","status":"publish","type":"post","link":"http:\/\/ws-srv-php81.in.webmyne.com\/Aacon.io\/claiming-home-office-expenses-read-this-first\/","title":{"rendered":"Claiming Home Office Expenses: Read This First"},"content":{"rendered":"

Working from home has its benefits and drawbacks, but whether you love it or hate it, there is an upside to it: you can claim certain home office expenses to help reduce your taxes.<\/p>\n

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So, how does it work and what\u2019s eligible? Keep reading to find out.<\/p>\n

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Eligibility for Home Office Expenses<\/strong><\/p>\n

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In order to be eligible to claim home office expenses, you must meet two conditions:<\/p>\n

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  1. You must be required by your employer to maintain a home office, which isn\u2019t paid for by your employer. Your employer will need to confirm this via a T2200 form.<\/li>\n<\/ol>\n

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    1. You need to either work mainly from that home office (more than 50% of the time) or you use it exclusively for earning employment income.<\/li>\n<\/ol>\n

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      If both of these conditions are met, you can submit home office expenses in your taxes. Keep in mind, you aren\u2019t eligible if you only work from home part of the year and you can only submit expenses for the income that requires you to work in the home (if you have multiple income streams). You also won\u2019t be able to submit expenses that exceed your income (creating loss for your employment).<\/p>\n

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      So, what expenses are eligible for tax deduction? These include:<\/p>\n

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