Can You Write off Coworking Space?

We have some good news for you: Yes, the cost of using a coworking space is tax deductible! It counts as renting office space, and can include items such as: A regular membership fee, paid for coworking space. ... The cost of networking events.

Can you write off office space as an employee?

W-2 employees may not be able to deduct home office expenses from their 2020 federal taxes, but those who pay taxes in Alabama, Arkansas, California, Hawaii, Minnesota, New York, or Pennsylvania are eligible to itemize unreimbursed employee expenses on their state taxes.

Is coworking space a business expense?

Workers who rent a traditional office can claim it as a business expense, and home-office users may qualify for a deduction. ... While it's important to consult a tax professional, in most cases your coworking membership fee is fully deductible as a business expense.