But employees arent the only ones.
Is your company jumping on the bandwagon and considering apermanent work-from-home option or requirement after the pandemic?
Dont get stuck shouldering the costs.
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What Can a Remote Work Stipend to Pay For?
No Interest Til Almost 2027?
Think about the chair youll be sitting in and the desk you need.
Do you need a license to use necessary software on your personal computer?
Does remote work necessitate more cloud-drive space or new communications apps?
Similarly, your employer relies on your internet connection when you work from home.
Imagine a company telling you you have to bring in your own desk chair.
Yet, when you work from home, that cost falls on you.
Lots of fully remote companies provide new employees with an upfront stipend for home-office setup.
This is a smart perk, and you should see if your employer is willing to offer it.
So owning, maintaining and supplying a printer and fax machine doesnt make sense.
(Fingers crossed.)
If the office is gone, you have to find other places to meet up.
A coworking space might include a private office space or common area you might use for meetings.
Transportation
Yes, working from home means significant reductions to your commute time and costs.
But it might add new costs, like traveling to client meetings or in-person employee events.
(It could, however, be taxable as income, which Ill get into below.)
You might combine that with a one-time stipend to help with your initial home-office setup.
But dont be afraid to push for more!
Is a Work From Home Stipend Taxable?
Whether your work-from-home reimbursements or stipends are taxable depends on how theyre structured.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
