If you work from home in the US you can deduct for a dedicated home office. I did it but it didn’t save me a penny tax wise. Not sure if my office is to small or my income to low.
The problem is that in the US, most tax deductions are concurrent with the standard deduction. So even if (for example) you donate $10k to a charity, the fact that it’s tax deductible is meaningless unless your total deductions are more than $16,100 (or more if married or head of household). It’s yet another way that tax deductions favor the rich - past a certain tax bracket, it makes sense to donate to a charity (that you control) to lower your taxes; for random Joe Peasant, it’s completely pointless.
If you work from home in the US you can deduct for a dedicated home office. I did it but it didn’t save me a penny tax wise. Not sure if my office is to small or my income to low.
https://www.irs.gov/businesses/small-businesses-self-employed/simplified-option-for-home-office-deduction
The problem is that in the US, most tax deductions are concurrent with the standard deduction. So even if (for example) you donate $10k to a charity, the fact that it’s tax deductible is meaningless unless your total deductions are more than $16,100 (or more if married or head of household). It’s yet another way that tax deductions favor the rich - past a certain tax bracket, it makes sense to donate to a charity (that you control) to lower your taxes; for random Joe Peasant, it’s completely pointless.