Which of the following statements regarding limitations on the deductibility of home office expenses of employees is correct?
A)Home office expenses of employees are deductible as itemized deductions.
B)Home office expenses of employees are not deductible.
C)Home office expenses of employees are for AGI deductions limited to gross income from the business.
D)Home office expenses of employees are for AGI deductions not limited to gross income from the business.

Question

Quizplus · Accepted Answer

As of tax year 2018, home office expenses of employees are not deductible. Prior to 2018, they were potentially deductible as itemized deductions subject to specific limitations and requirements, but this provision was suspended by the Tax Cuts and Jobs Act.

Which of the Following Statements Regarding Limitations on the Deductibility