Levine, Jacobs & Company, LLC, Senior Member, Shares Insight On Tax Related Expenses For Home Office

Top Quote Michael H. Karu, CPA/CFF discusses deduction expenses and limitations. End Quote
  • Newark, NJ (1888PressRelease) December 20, 2022 - Michael H. Karu, CPA/CFF, Senior Member, Levine, Jacobs & Company, LLC., was quoted in NJ.com where he discussed home office tax deductions and its limitations.

    Many employees had to transition to remote working at the beginning of the Covid-19 pandemic. This created a myriad of questions as to which items were allowed to be considered work related expenses that qualified for tax deductions.

    Despite working from home, employees cannot deduct a home office. Karu explained, “Employee business expenses as an itemized deduction were eliminated with the 2018 Tax Act. If you were self-employed, then home office expenses would be allowable as an expense on Schedule C.”

    To read the article, please click here: https://bit.ly/3HOTB7y

    To speak with and/or set up an interview with Michael Karu, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614 or amydelmanpr ( @ ) verizon dot net dot

    Michael H. Karu, CPA/CFF, is a senior member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He is qualified by the Superior Court of New Jersey, Family Part, as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics.

    Karu received his B.S. degree in Business Administration from The Ohio State University and holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section, as well as the NJ State Society of CPAs. Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.

    Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”

    Media Contact:
    Amy Delman
    Amy Delman Public Relations, LLC
    amydelmanpr ( @ ) verizon dot net

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