Taxes Working From Home – 3 Important Considerations During COVID-19
As millions of taxpayers prepare to file their 2020 taxes, a question that many telecommuting employees, independent contractors, and freelancers are wondering is: which of my remote work expenses can I write off on my taxes, and how much? Here’s what you need to know about taxes working from home. Taxes Working From Home The answer varies widely, depending on your employment classification, expenses incurred during the pandemic, whether your employer reimbursed you for remote work-related expenses, and which state you live in. To help you understand what your tax situation might look like this year, here are three of the most important things to know before filing your 2020 taxes: Employees vs. Independent Contractors The Tax Cuts and Jobs … Read more