Can i deduct cost of office furniture that i had to purchase?

Forum|Forum|5 years ago
March 12, 2021
2 replies
1 view

Needed to purchase home office furniture due to remote working in 2020. Can i deduct cost of purchases for work?

TurboTax Deluxe Online

Best answer by HelenC12

If you're self-employed, yes, you can deduct business expenses. See Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

If you're a W-2 employee, no, you can't deduct unreimbursed job expenses

Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the deduction for these 2% miscellaneous expenses has been suspended in tax years 2018 through 2025. However, this doesn’t affect:
People who work in one of these specific professions or situations
- Armed Forces reservist
- Qualified performing artist
- Fee-basis state or local government official
- You're disabled and have impairment-related expenses

However, your job-related expenses may still be allowed on your state return. Enter your expenses and we’ll figure out if you can deduct them.

HelenC12Answer

Level 15

If you're self-employed, yes, you can deduct business expenses. See Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?

If you're a W-2 employee, no, you can't deduct unreimbursed job expenses

Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the deduction for these 2% miscellaneous expenses has been suspended in tax years 2018 through 2025. However, this doesn’t affect:
People who work in one of these specific professions or situations
- Armed Forces reservist
- Qualified performing artist
- Fee-basis state or local government official
- You're disabled and have impairment-related expenses

However, your job-related expenses may still be allowed on your state return. Enter your expenses and we’ll figure out if you can deduct them.

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what is the amount of money

Level 2

Just tell me the cost of TurboTax Delux for 2020

SForrestLO

Level 11

Visit our website and click on File your own taxes. From there you can click on Products & Pricing if you want to prepare online. If you want to purchase the CD/Download, click on that for the pricing.

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