Kiplinger

Tax Wrinkles for Work-at-Home Employees During COVID-19

Because of COVID-19, millions of people no longer go to the office but work from home instead, where they’ve had to set up workstations with desks, printers, high-speed internet and other pricey items — often paid for out of their own pockets. Can they deduct those expenses on their taxes?

Many other workers have temporarily (or maybe permanently) fled expensive big cities for cheaper, more remote locations, often sporting lower taxes. What does that mean for their tax returns?

COVID-19 has changed everything this year for American workers. Some changes have been good on the pocketbook, such as reduced expenses on commuting, lower and less money going toward work clothes and lunches. Others have presented some new financial

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger2 min read
Fed Rate Hike Meets Expectations, But What Next? Here's What the Experts Say
The Federal Reserve served up a widely expected third consecutive jumbo rate hike when it concluded its regularly scheduled two-day meeting on Wednesday. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) raised the federal
Kiplinger5 min read
What You Need to Know About Life Insurance Settlements
Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own
Kiplinger5 min readRobotics
Retirees: Your Next Companion May Be a Robot
Elliq, a foot-hight robot that looks like an oval lampshade on a small base, greets Monica Perez first thing in the morning, asks her how she feels, and reminds her about taking medications and any upcoming appointments.  “I have good-quality friends

Related Books & Audiobooks