It’s that time of the year again, but this last year has been like no other. If you’ve been working from home due to the pandemic here’s what you need to know.
The gist is this: “Many companies allowed or even encouraged their employees to work from home during the coronavirus pandemic, but any expenses employees incurred to make the new setup work aren’t deductible on your federal income tax returns. Nor are any expenses related to your home office space, like utilities, insurance, or taxes.”
A full list of what you need to know can be found here.