Working From Home Due To COVID-19? Your 2020 Tax Bill Could Increase.
Switching from office life to working from home can be a major adjustment ― not just mentally, but financially, too. You’re using more electricity, eating through more groceries and relying on a stable, fast internet connection to get your work done.
Unfortunately, if you are working from home as a W-2 employee ― that is, your wages are paid through payroll and your employer withholds taxes ― there’s not much you can claim on your tax return, according to Christina Taylor, head of operations at Credit Karma Tax. And …continued .
[Source: Huffington Post]