home office deductions – The Burns Firm – Advisors of Complex Financial Matters

Self-Employed? You May Be Eligible for the Home Office Deduction

August 13th, 2026|Categories: Accountant, accountant near me, Burns Firm, Business, Business Deductions, Business Expense Deductions, Business Tax Planning, Business Write-offs, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Home Office, Home Office Deduction, Home Office Expenses, Indirect vs Direct Expenses, Itemized Deductions, Record Keeping for Business, Recordkeeping for Travel Expense, Small Business, Small Business Tax Planning, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Breaks, Tax Credits, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, Tax Rules, tax write-offs, Texas CPA, The Burns Firm, Travel Expense, Travel Write-offs for Business|Tags: CPA, cpa near me, Dallas CPA, Direct Expenses vs Indirect Expenses, home office deductions, Home Office Deductions on Tax Return, self-employed, tax, tax accountant near me, tax advisor, tax preparation, tax preparer near me, Texas CPA, The Burns Firm, What Are Indirect Expenses|

Once upon a time, employees could claim home office expenses as a miscellaneous itemized deduction, subject to a 2%-of-adjusted-gross-income floor, if the arrangement was for their employer's convenience. But [...]

Is your Home Office a Tax Haven? Here are the Rules for Deductions

September 26th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Home Office Deduction, Tax, tax accountant, Tax Advisor, Tax Deductions, tax write-offs, Texas CPA, The Burns Firm|Tags: cpa near me, Dallas CPA, Home office, home office deductions, Home Office Expenses, tax, tax advisor, Tax Rules and Working From Home, The Burns Firm, Working From Home|

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The [...]

10 Tax Breaks to Consider on Extended Returns

September 5th, 2024|Categories: 1031 Like-Kind Exchange, Accountant, Burns Firm, Charitable Donations, Child Tax Credit, CPA, CPA Dallas, CPA near me, CPA Texas, Dallas CPA, Deductions, Education, Education Expenses, EV Credits, Higher Education Credits, Home Energy Credits, Home Office Deduction, Medical Deductions, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Credits, Tax Planning, Tax Preparation, Tax Return Preparer, Texas CPA, The Burns Firm|Tags: 1031 like-kind exchange, Charitable Gifts, CPA, cpa near me, Dallas CPA, Family Tax Credits, Higher Education Credits, Home Energy Credits, home office deductions, medical deductions, tax, tax advisor, tax breaks, Texas CPA, The Burns Firm|

If you requested an extension for your 2023 federal income tax return, you have until six months from the original due date — October 15, 2024, to be exact — [...]

Deductions for Self-Employed

June 3rd, 2021|Categories: Accounting, Burns Firm, Business, Services, Small Business, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation|Tags: are business meals deductible, can i deduct miles driven for business, CPA Dallas, cpa near me, Dallas CPA, do I have to pay self-employment tax, health insurance deduction on tax return, home office deductions, how much is self-employment tax, is business travel deductible, retirement plan contributions, tax, tax credits for self-employed, tax deductions, tax deductions for self-employed, tax preparer near me, The Burns Firm, what can I deduct on my return for my business, what credits can I take on my tax return if I am self-empolyed|

If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you're looking to fulfill a lifelong dream of [...]

Home Office Deductions in the Covid-19 Era

October 1st, 2020|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Deductions|Tags: coronavirus and working from home, CPA Dallas, Dallas accounting firm, Dallas CPA firm, deductions, home office deductions, home office deductions and covid-19, tax what can be deducted if I am working at home during the pandemic, The Burns Firm|

Have you been working from home during the COVID-19 crisis? Join the club. Approximately 42% of the American workforce is currently working from home full-time, according to a recent study by [...]

Do You Run Your Business From Home? You Might Be Eligible for Home Office Deductions

March 3rd, 2020|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: 2019 tax return preparation, business office at home deductions, CPA Dallas, home office deduction limitations, home office deductions, home office deductions for my business, how do I deduct expenses for a home office, office from home, schedule C deductions, tax preparation, tax return preparation|

If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify, you [...]

Home Office Deductions: FAQs

December 23rd, 2019|Categories: Accounting, Burns Firm, Business, Tax Deductions, Tax Planning, Tax Return|Tags: CPA Dallas, home office deductions, TCJA and home office deductions, The Burns Firm, who qualifies for a home office deductions|

In the past, home office deductions were available to a wide range of taxpayers, including certain employees who worked from home. But the Tax Cuts and Jobs Act (TCJA) has effectively [...]