Fiscal Feminism: A Tax Perspective on International Women’s Day
International Women’s Day is set to be celebrated on March 8. Around the world, special events will celebrate the cultural, social, political and economic achievements of women. According to the U.S. Department of Labor, 46.8 percent of the U.S. workforce in 2015 were women and 76 percent were mothers with full time jobs and children under 18. So, in celebration of International Women’s Day, here are some tax deductions women and mothers might benefit from.
According to Liberty Tax, most of the things women purchase for work are tax deductible. For example, if you use your phone or computer for work calls and emails, you can deduct a percentage of the cost of that equipment. You can also deduct anything you’re required to buy for work including the cost of having a home office, as well as office supplies and equipment.