Microsoft now offers the option of purchasing a single copy of Office 2021 or an annual Microsoft 365 subscription which gives you the most up-to-date version as soon as it's available.
Microsoft 365 and Office 2021 options for Personal Use
Features
Microsoft 365 Personal
Microsoft 365 Family
Microsoft Office Home & Student 2021
Microsoft Office Home & Business 2021
Microsoft Office Professional 2021
Type
Subscription
Subscription
One-time purchase
One-time purchase
One-time purchase
Access
Multiple devices (PC, phones, tablets)
Multiple devices (PC, phones, tablets)
One PC only
One PC only
One PC only
Number of users
1
Up to 6
1
1
1
Word
✓
✓
✓
✓
✓
Excel
✓
✓
✓
✓
✓
PowerPoint
✓
✓
✓
✓
✓
Outlook
✓
✓
✓
✓
Access + Publisher
✓
OneNote
✓
✓
Teams
Basic
Basic
Basic
Cloud Storage
1TB per user
1TB per user
N/A
N/A
N/A
Supported OS
Windows, iOS, and Android
Windows, iOS, and Android
Windows 10 or 11
Windows 10 or 11
Windows 10 or 11
Product Updates
✓
✓
Microsoft 365 and Office 2021 options for Business Use