Trump Tax Break For Millionaires Ended Most Home Office Deductions
If you were looking forward to deducting the
thousands of dollars you spent on making a
home office for your regular job, you can thank
Republicans for revoking your deduction in the 2017 tax bill.
Many people used to be able to deduct computers
and even office furniture when you worked from home
even though you were working at home for a regular
boss perhaps most of the month.
But the new Trump rule is you can't have a home office
deduction if you get a W-2. Only 1099 or those who
can prove they are self-employed can deduct now.
The Republican test is simple - W-2 no tax deduction.
There used to be strict rules which many people could
meet but now most new home workers are left out.
Is this common sense? Republicans who don't like people
out of their control at work, and don't mind massive
Government debt if it lets a billionaire get a second private jet,
NOW think feeding the poor is an extravagance we can't afford.
Yes middle class got a tax break at the same time, but
their tax break was temporary and about to expire.
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