In Legal Terms: Home Office
Can I deduct home office expenses while I'm working from home? It depends. The short answer is, probably not. If you work full-time for someone else, you're out of luck. "Employees who receive a paycheck or a W-2 exclusively from an employer are not eligible for the deduction, even if they are currently working from home," the IRS noted last month. https://www.cnn.com/2020/10/19/success/wfh-home-office-tax-deduction/index.html
The people most likely to be eligible to claim the home office tax deduction are those who are self-employed -- meaning they run their own business out of their homes…
The skinny
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