The Best Home Office Deduction Gop Tax Plan 2022. The proposed tax plan will increase the standard deduction for single filers to $12,500 and married filing jointly to $24,000. This deduction is claimed on.

This 2% total cap includes the home office deduction. According to irs, if you are a business owner or an independent contractor, you can only apply for a home office deduction. The standard tax deduction increases from $6,350 to $12,000 for individuals, and from $12,700 to $24,000 for married couples estate tax exemption nearly doubles to $11.2m,.