Yes, you can deduct your internet bill if you work from home. As per the deduction for home offices, not only can you deduct expenses like home insurance and maintenance, but also Internet access at home. The best part? The office space you use at home does not necessarily have to be in a separate room- it can be a part of a larger space, and you can still take full advantage of the deduction. Here are a few things to keep in mind when claiming this deduction:
Make sure that the internet connection you’re claiming as a deductible expense is used solely for work-related purposes, and not for personal use.
You can only deduct the portion of your internet bill that applies to the time you spend working from home. For instance, if you work from home for 40 hours a week, and your internet bill is $100 a month, you can only deduct $57.14 (i.e. $100 x 28/168), as this is the proportion of time you use the internet for work purposes.
You’ll need to keep accurate records of your internet usage and expenses, so maintain a log of your hours worked from home, as well as your internet bills.
So, if you’re someone who works from home, don’t forget to take advantage of this deduction for home offices that applies to your internet and other home-related expenses- you never know how much you could save on your taxes!