Taxing Times: Can I Deduct Work From Home Expenses?

The video discusses the impact of the COVID-19 pandemic on remote work and the surge in home office purchases. It explains the tax implications of the 2017 Tax Cuts and Jobs Act, which prevents employees from deducting home office expenses, while contractors can. However, there are potential loopholes for employees with side businesses or spouses with home offices. The video also notes that the current tax rules are not permanent and could change after 2025.

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