If your employer offers you the chance to work from home, don’t let images of frantic children and constant interruptions dissuade you from taking advantages of an incredible perk. There are a lot more reason to make home your office than you probably know.
The Obvious Tax Benefits
The IRS has strict guidelines about what can and can’t be used to your tax advantage. If you use your home, computer, phone, and other ancillary services, make sure that you know what the statutes and laws are concerning amounts you may deduct for home office usage. By using online calculators you can figure deductions based on square foot of usage, you can also figure depreciation on equipment you use solely for business. Phones, travel expenses, and Internet use are all business expenses related to having a home office. Check out the IRS’s website to be sure you understand the current tax regulations. Be sure to explore the many deductions open to you.
Cutting Fuel Consumption
Working at home means the morning and evening commute is cut to near nothing. Reduced wear and tear on your vehicle will have you saving money on tires, oil changes, and most maintenance. As gas prices continue to skyrocket, you may find yourself easily pocketing over $100 in savings per month just from reduced gas consumption. On days where office attendance is mandatory, consider car pooling with other home office participants. Parking garage fees are another nice savings.
Getting Dressed for the Office
While no one is saying it’s great to work in your pajamas, your work related wardrobe costs can be cut significantly.Your coats and clothing will last longer and your need for new clothes will be greatly reduced. It is, however, extremely important to maintain the same get-ready-for-work routine you adopted when working away from home. Studies indicate that a laxity in personal grooming can translate into a laxity in efficiency at home.
Carefully examine the work-at-home option. Chances are you will find it a very workable strategy.