Free tax advice from your anarchist accountant:
(USA federal income tax)(1099 NEC) If you are self employed and work from home, measure the square footage of your 'home office' (or whatever your workspace is), find out what percentage it is of the square footage of your house, and deduct that percentage of your annual rent and all of your utility bills for the year from your taxes as a work expense.
(USA federal income tax) If you are taking classes check and see if you qualify for the AOTC tax credit. You don't need a form 1098T from your school necessarily, (most schools will not make these available to you until Jan 31st), but you can claim up to a $2,500 deduction on tuition expenses, text book expenses, and other school supplies like computers.
(USA general advice) If you are paying someone for a product on venmo, no you're not. Use like a pizza emoji or something in the description and never check the box that says you're purchasing a product. That's extremely rude and tells venmo to report the money you gave that person as taxable income. So rude, don't do it, especially at like fundraisers, bake sales and shit like that.
Fuck turbo tax. Use Freetaxusa if doing your own taxes. (free USA federal income tax filing and state tax filing for like $20)
Every tax dollar you manage to get back in refunds is a dollar you took away from the American war machine.
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@temerity Q: I work from home for an employer, can I deduct a portion of my rent and Internet bills?
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@JizzelEtBass unfortunately no. If you are a w2 employee you will not qualify. There are a few exceptions for military personnel and people with disabilities. I can look into that if those apply to you.
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@temerity I am permanently disabled.
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@JizzelEtBass apologies for the delayed response, had to research a little to get a clear answer on the exceptions.
according to the IRS:
Impairment-Related Work Expenses: If you are an employee and have a physical or mental disability that functionally limits your employment, you may be able to claim business expenses for attendant care at your workplace and other expenses in connection with your workplace that are necessary for you to work.
IRS Publication 529 defines this as:
"Impairment-related work expenses are ordinary and necessary business expenses for attendant care services at your place of work and other expenses in connection with your place of work that are necessary for you to be able to work."
This is listed as an exception to W2 employees not being able to claim home office expenses as deduction to their gross income. My reading of this is that if your disability prevents you from working without certain equipment, services, and modifications, and the expenses for these are not reimbursed by your employer, you can claim them on your taxes even though current law prohibits abled w2 employees from claiming work from home expenses. If working from home is necessary for you to be able to work with your disability, some expenses related to working from home can be deductible.
A portion of you rent and utilities constituting your home office does not count as an Impairment-Related Work Expense according to the SSA website, but other modifications to your home or expenses that allow you to work will qualify.
Sorry if this is complicated, hope it was helpful!
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