422
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Nov 2024
422 points (97.5% liked)
News
23361 readers
3298 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Before Trump’s tax “cuts” you could deduct home office expenses from your income on your taxes. Any improvements or utilities just for the office area were 100% deductible, and a certain percentage of household expenses based on the square footage of your home and office.
Specifically, you don't qualify for those cuts if you're a W2 employee. You can if you're a 1040. Because of the way Covid worked out, that ended up meaning a whole lot of people got chopped off from a tax cut they otherwise would have had.
I had been working from home before Covid as a W2. The credit wasn't big; it amounted to a few hundred bucks for the year. But it's not nothing, and I always remember it when MAGA says Trump cut your taxes.
I usually got a couple thousand in deductions. But I included 10% of all my housing expenses including my mortgage, not just utilities. Then again I had oil heat with an electric baseboard in a leaky house for most of that so my heating bills were astronomical.
I wonder how all the folks working from home getting a fat tax deduction would have changed history.