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Taxes 2020: Do home office purchases qualify for deductions?
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CHICAGO (WLS) If you re working from home because of the pandemic, you may have had to buy items to create a home office.
From desks and chairs, to printers and ink, many people have been hoping home office items would qualify for a tax deduction.
But tax expert Chad Elkins says for many people, that will not be possible. Unfortunately, tax reform from a couple of years go eliminated this as a possibility, Elkins said. So now, the only way you can write off home office expenses such as a computer, a printer, internet and things like that, is if you re self-employed.I do think that after this tax season, it s going to be re-evaluated and if we re still mainly working from home in 2022, which is a possibility, I do think that they re going to have to allow some deductions for this.
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