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Over the years, more companies have embraced the concept of telecommuting. When it comes to the telecommuting option, it allows companies to widen their net of prospects for particular jobs. They can open up the jobs to more qualified people who might live in other states. From an employee’s perspective, there are so many benefits involved in working from home. The benefits range from emotional to physical perks. In this case, consider three ways employees financially benefit from telecommuting.

You’ll save money on transportation expenses

Whether your job is an hour away from home or twenty minutes away, you have to get to the job and back home. When you skip that expense in gas, tolls or public transportation fees, you’ll save a significant amount of money by the end of the week. Especially as gas prices continue to rise, there’s nothing like saving more money on transportation.

You can potentially write off more items

Though you’ll be able to save money in the areas of food and transportation, you might spend a little more on expenses like your light bill or other utilities. Consequently, these expenses are directly connected to making sure you can do the best job possible. Thankfully, you can potentially write off some of your expenses during tax time. Whether you’re enjoying a full home office in a views filled luxury home or a corner desk in your one-bedroom metropolitan apartment, you still have to cover expenses like your electric bill. As a result, you can create a deduction line for your home office expenses. Keep your receipts for everything from the printer you had to purchase to the cost of your homeowner’s insurance.

You’ll be able to save money on food

Even if you like to pack your lunch every single day, chances are you’ve purchased a few cups of coffee or a delicious snack to help you make it through that midday slump. When you’re working from home, you have access to the kitchen with food you’ve already purchased. Even if you dine out three times a week, those dollars add up very quickly. So, when you work from home, you’re less likely to grab your keys and head over the local fast-food restaurant.

If you’re in a position where you have the opportunity to work from home, consider the many ways it can benefit your quality of life. Even if you’d like to work from home for one or two days out of the week, it’s worth asking your boss if this is a possibility for you. Consider asking for a trial period to see if it works out for you. It never hurts to try.


Kara Masterson is a freelance writer from West Jordan, Utah. She graduated from the University of Utah and enjoys writing and spending time with her dog, Max.

 

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Posted in: Taxes