What to look for when filing taxes in COVID times
Home office So many of us worked from our home offices during close to nine months in 2020. But since federal tax reform in 2018, office deductions by employees who worked for their employer from home could not be claimed on their federal filings, said Rob Winton, a CPA at Citron Cooperman in White Plains. However, the state of New York decoupled from the federal rules in 2019, which means home office deductions are still allowed on your state returns. Scott Aber, a New City CPA, said state rules allow deductions for expenses that exceed 2% of your adjusted gross income. To qualify, that offi...
Source: wellsvilledaily.com