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The rise in working remotely comes with several costs, which include internet subscriptions, computers and office equipment, homeoffice furniture, security, insurance, and software. Those costs include internet subscriptions, computers and office equipment, homeoffice furniture, security, insurance, and software.
“Can a dead person deduct medicalexpenses?” “Can ” These are just a few of the numerous requests Andy Phillips, director for the Tax Institute at H&R Block in Kansas City, Missouri, fields when tax time rolls around, as his clients muddle their way through what can and can’t count as a deductible expense.
We’re sitting in the homeoffice of his estate along the banks of Lake Washington, just outside Seattle—not far from the homes of Bill Gates and Jeff Bezos. Plus, with every analysis, the entire process gets less expensive. He shows me the meteorites and moon rocks that he’s collected through the years. Then $1,000.
Employers in the GAO study reported halving office footprints and reducing lease expenses when they permanently embraced flexible work models. Hardware costs shrank as companies shifted to hot-desking and home-office stipends rather than fixed cubicles.
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