Article Date:
February 2022


Word Count:
1590

 

 

Don’t Rob Yourself of the Home Internet Deduction


Given the connected nature of remote work these days, you likely use your home internet to do a little or a lot of work.

 

In this article, you will learn how to deduct the cost of your home internet. The rules that apply to the home internet also apply to all the other expenses incurred while working at home, regardless of whether you claim the home-office deduction.

 

Let’s get started.

 

Deduction on Schedule C

 

If you operate your business as a sole proprietorship or as a single-member LLC, you file a Schedule C to report your business income and expenses. As a Schedule C taxpayer, you may deduct ordinary and necessary expenses, which include business-related internet subscription fees.1

 

You can deduct your use of your home internet whether or not you claim the home-office deduction, as follows:

 

·

If you claim the home-office deduction on your Form 1040, the internet expense goes on line 21 (utilities) of IRS Form 8829 as either a direct or an ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Password


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee
Clicky