Home Office

[sk8teres8]

My wife and I both hold corporate jobs, but worked 100% remote from our home offices (1 Home, 2 separate rooms) all throughout 2021. Are we able to deduct our 2 home office spaces as well as any office items from our taxes? Will we have to pay any capital improvements/gains on this later if we sell the home? 

[Cynthiad66]

No you are not allowed a deduction per the 2017 Taxcut and Jobs Act.  And if you were allowed a deduction, you would have to pay capital gains tax.

The tax break is generally only for those who are self-employed, gig workers or independent contractors, not those who are employed by a company that gives them a W-2 come tax season.

“Employees who receive a paycheck or a W-2 exclusively from an employer are not eligible for the deduction, even if they are currently working from home,”

There may be some confusion, as the home-office deduction was previously allowed for employees. The Tax Cuts and Jobs Act of 2017, however, banned such workers from taking the deduction from 2018 to 2025.

Use this link for more information.  Home Office Deduction

@sk8teres8