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Telecommuter Tax Benefits for Employers

Feb 4

RyanCommunity, Ideas, Uncategorized No Comments

I am all over this bill.

A vastly simplified flat rate home office deduction ($2500 or the profit from your home-based business, whichever is lower), replacing the current complex prorated system that requires exclusive use of part of the home.
A telecommuting tax credit that gives employers up to $2400 credit for each employee who starts telecommuting during the year.
An exclusion from employee income of employer-provided telecommuting equipment including computers and broadband access equipment, making such equipment a tax-free fringe benefit.

Via Web Worker Daily