Indianapolis Indiana (PRWEB) September 21, 2021 Gen Con, the largest and longest-running tabletop gaming convention in North America, returned to Indy this
Taxes 2020: Do home office purchases qualify for deductions?
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CHICAGO (WLS) If you re working from home because of the pandemic, you may have had to buy items to create a home office.
From desks and chairs, to printers and ink, many people have been hoping home office items would qualify for a tax deduction.
But tax expert Chad Elkins says for many people, that will not be possible. Unfortunately, tax reform from a couple of years go eliminated this as a possibility, Elkins said. So now, the only way you can write off home office expenses such as a computer, a printer, internet and things like that, is if you re self-employed.I do think that after this tax season, it s going to be re-evaluated and if we re still mainly working from home in 2022, which is a possibility, I do think that they re going to have to allow some deductions for this.
Dozens are seeing their second stimulus check go into the wrong bank account. Here s why.
By law, the IRS says banks must return the payment to the IRS; they cannot hold and issue the payment to an individual when the account is no longer active.
The IRS says they also cannot change mailing information.
So what can you do if you moved or changed your banking information and don t end up getting a second payment?
The IRS says you can claim something called a
Tax expert Chad Elkins explained: Well here s what it is. On your 2020 tax return, your form 1040, there s a new box that s going to let you enter what you were paid and if it was below what you should have been paid, it s going to let you reconcile that on the 2020 return. So, rather than getting a stimulus check, you ll get a credit on your tax return which could either increase your refund amount or decrease any amounts owed. What if you didn t receive a stimulus payment at all? If you didn t receive a stimulus payment a
I have never in my life filed for unemployment, Kramer said.
She said she received three more letters from IDES regarding unemployment benefits, and then another saying she owed the state $332 and if she didn t pay the state would deduct and withhold her state income tax refunds. This is crazy. I never applied for unemployment and never received benefits, she said. I ve never contacted any of these people, how can they be sending me this?
The ABC7 I-Team has been investigating fraud impacting the state s unemployment system over the last several months, and with every story shared more people come forward claiming to be victims of an unemployment scheme.