A family of Microsoft word processing software products for creating web, email, and print documents.
Hi,
Your Office 2021 license is still valid. The issue is likely related to the macOS upgrade and Office entering reduced functionality mode.
Since you are using macOS Tahoe, open Word or Excel, go to Help > Check for Updates, select Update or Update All in Microsoft AutoUpdate, and then restart the Office app.
If you still cannot edit or save, quit the app completely, reopen it, then sign out and sign back in with the Microsoft account linked to your Office 2021 license.