S-corp reimburses owner for home office, mileage, cell, internet — fully deductible to corp, tax-free to owner.
Post-TCJA, W-2 employees (including S-corp owner-employees) LOST the ability to deduct unreimbursed business expenses on Schedule A. Fix: adopt a written Accountable Plan (Treas. Reg. §1.62-2) so the S-corp reimburses the owner-employee for business use of home office (§280A), personal vehicle mileage ($0.67/mi in 2024), cell phone, internet, meals, and travel. Reimbursements are 100% deductible to the S-corp and 100% tax-free to the owner (no W-2 reporting). Requires substantiation and 60-day submission. Typical high-income S-corp owner saves $3K–$8K/yr.
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