Tax benefit to taking a work from home job for less salary?

Tax benefit to taking a work from home job for less salary?

aprilcioch asked:


Job offer for similar position w/ different company for $5,000 less salary; however, job is 100% work from home. Will be W-2 employee. Will the money I can save claiming my home business expenses make up for the $5,000 salary loss?

ESSIE

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This entry was posted on Sunday, June 15th, 2008 at 5:29 pm and is filed under Work From Home. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

5 Responses to “Tax benefit to taking a work from home job for less salary?”

1. bostonianinmo Says:
   June 16th, 2008 at 7:04 am

   What you save in commuting or maybe daycare costs might make up the difference, but the home office deduction will never save you $5,000 in taxes.

2. Not Socialized Says:
   June 18th, 2008 at 1:57 pm

   Probably not…but the savings on other expenses (i.e. commute, food, clothing, child care, etc…) combined with home office tax deductions could equal the difference…

3. src50 Says:
   June 20th, 2008 at 4:12 am

   Who can say? How much are the expenses you can claim?

4. Carolyn Says:
   June 22nd, 2008 at 8:42 pm

   Working from home is the easiet way to make money online and the best part is that there is no investment to join and there is no fee and its absolutely free. Never pay for any website who asks you money. One of the easiest, fastest and most convenient ways to earn money is by using the internet. If you are one of those who have realized the power of internet to elp you generate cash the easy waymakng money online can be very easy. Making money online is surely one of the smartest ways to earn money these days. As most and more people are beginning to realize the power of internet to help to get money, in the most convenient possible ways, they are opting for internet related professions, either as a part time job, or a fully fledged career.

5. amanda c Says:
   June 25th, 2008 at 3:29 am

   In order to make money from home, money needs to CHANGE HANDS. Companies offering money for little or no work have no value.. wheres the money coming from?? Whose paying you? That’s the real question you gotta ask yourself… be practical about it.
   In my experience, getting a WHOLESALE account and selling on ebay is a really easy place to start for the beginner.
   Heres the link to the wholesale supplier I use:

   Good luck!