As the impact of the COVID-19 pandemic drags on, there have been many questions about what (or even where) the workplace will be in the future, particularly for people who work at … If you're telecommuting due to the coronavirus pandemic, you may owe 2020 taxes depending on which state your home and employer are located. if you cannot work from home, plan your journey to avoid crowds. 'An absolute gong show': Employees working from home get COVID-19 shot ahead of Toronto doctors, front-line workers Three men charged after $300,000 worth of personal protective equipment stolen Employers have specific duties to ensure the safety, health and welfare at work … If this affects you, you must not go to work, but if you are well you can still work from home. Additionally, your home office must be your primary place of business. John Bel Edwards is calling on Louisiana's employers to keep workers at home if possible. For one thing, to qualify, you must have a dedicated area of your home that's used solely for work purposes. You may have heard that there's such a thing as a home office deduction, and if you've been doing your job from home, you might assume that you're eligible for it. You can change your choices at any time by visiting Your Privacy Controls. If you've landed in a remote arrangement due to the pandemic, you may be wondering if doing so will allow you to save money on your taxes. States have … @themotleyfool #stocks, The 3 Best Dividend Stocks to Buy for 2021, Thinking of Buying Airline Stocks? That area doesn't need to be a separate room with a door, per se, but it's a space that can't double as something else. WORKERS may be able to claim up to £125 in tax back if they have to work from home for just one day due to the coronavirus crisis. Why do you think working remotely is morphing into a more permanent reality? Your Tax Bill Could Increase Next Year. The Impact of COVID-19 on Mileage Reimbursement However, with the various required or protective closures of otherwise usual office location work due to COVID-19, a home-based employee work environment has been created. But nowadays, much of the labor force is working from home due to the ongoing COVID-19 crisis. So instead you can, in simple terms, claim a rate of £6 a week. Working From Home Due To COVID-19? Prior to the Tax Cuts and Jobs Act of 2017, salaried workers could claim home office expenses via the miscellaneous itemized deduction. The home office deduction was misused in the past, which made it an audit red flag. But apportioning extra costs such as heating and electricity is tough. If you're still going into an office three days a week and working from home twice a week, it won't count. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Posted: Jan 13, 2021 8:59 AM. But now, that deduction is off the table, and so, too, is a home office if you're not self-employed. Working in an office instead of remotely may double COVID risk: CDC Bosses should allow and encourage employees to work from home, the agency said. Buy These Travel Stocks Instead, 1 Investing Move That Can Double Your Money in 2021 With No Effort, Have $600? Certain states have reciprocity agreements in place so that if you live in one and work in another, you won't have a second state tax bill on your hands. Microsoft plans to begin reopening offices in January 2021, but will allow employees to work from … Coronavirus (COVID-19) support is available. 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