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Still Working Remotely? Your 2021 Taxes May Be More Complicated Than Your 2020 Return

Still Working Remotely? Your 2021 Taxes May Be More Complicated Than Your 2020 Return
nbcdfw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcdfw.com Daily Mail and Mail on Sunday newspapers.

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Still Working Remotely? Your 2021 Taxes May Be More Complicated Than Your 2020 Return

Still Working Remotely? Your 2021 Taxes May Be More Complicated Than Your 2020 Return
nbclosangeles.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbclosangeles.com Daily Mail and Mail on Sunday newspapers.

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The Tax Headaches of Working Remotely During the Pandemic

The Tax Headaches of Working Remotely
“Each state has its own rules,” one tax expert says. So if you worked in a state other than your usual one in 2020, here are some tips on dealing with the tax season.
Credit.Party of One Studio
March 12, 2021
Last year, Ariele Doolittle, a tax lawyer, got a call from a client who lived and worked in New York but was considering working remotely from California temporarily after his offices were shuttered in the pandemic.
Not a good idea, Ms. Doolittle told him.
California, she said, would tax his income because he was physically working there. And New York would probably tax his earnings as well. Plus, when he filed his New York resident tax return, the state probably wouldn’t give him a credit for the taxes he paid to California. ....

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For Gig Workers and Business Owners, Taxes Are Even Trickier Now

For Gig Workers and Business Owners, Taxes Are Even Trickier Now
Filing taxes has never been simple for freelancers and business owners, but the pandemic has made it far more complex.
Credit.Party of One Studio
Tax time is always complicated for freelancers and business owners, but this year, it’s especially swampy.
Pandemic relief programs that helped small companies and self-employed individuals created new tax challenges. And many people had unusually jumbled patchworks of jobs and income sources last year.
“I’m kind of scared,” said Celeste Holcomb, an artist and designer. In 2020, her income included book royalties; fees for illustration, design jobs and work done through a gig platform; wages from a contract job at a university publisher; and, for several months, unemployment benefits. Ms. Holcomb, who plans to do her taxes herself, expects to spend hours wading through records and tax documents to figure out what she owes. ....

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Taxes 2021: Where you worked remotely matters during COVID-19

Taxes 2021: Where you worked remotely matters during COVID-19
nwfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwfdailynews.com Daily Mail and Mail on Sunday newspapers.

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