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

Question

Quizplus · Accepted Answer

Under the Tax Cuts and Jobs Act, employees cannot deduct home office expenses. These expenses are not deductible for employees from 2018 through 2025.

Which of the Following Statements Regarding Limitations on the Deductibility