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Although working from home has become a common trend, especially after the COVID-19 pandemic, it is essential to understand the tax implications and what you are allowed to write off.
Tax season is here and many remote workers are wondering what expenses they can write off while working from home. In 2022, 60 million people did freelance work, primarily from their home office ...
Working from home is great, but it often comes with surprise expenses. Here are 11 tax deductions you can’t afford to overlook. 7 rules for taking a work from home tax deduction [Video]
Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – Includes $1200 stimulus checks, March 2020 Paycheck Protection Program and Health Care Enhancement Act – April 2020 Paycheck Protection Program Flexibility Act of 2020 – June 2020
The Canada Recovery Sickness Benefit (CRSB) provides $500 per week (2 weeks maximum) for workers who: (a) "are unable to work for at least 50% of the week because they contracted COVID-19;" (b) "are self-isolated for reasons related to COVID-19;" or (c) "have underlying conditions, are undergoing treatments or have contracted other sicknesses ...
According to a Gallup poll in September 2021, 45% of full-time U.S. employees worked from home, including 25% who worked from home all of the time and 20% who worked from home part of the time. 91% of those who work remotely (fully or partially) hoped to continue to do so after the pandemic. Among all workers, 54% believed that their company's ...
The 2017 tax reform law ended the ability for most taxpayers to deduct expenses for working from home just in time for millions more people to begin working from in response to the Covid pandemic.
Timeline of the COVID-19 pandemic in Ontario (2022) Index of articles associated with the same name This set index article includes a list of related items that share the same name (or similar names).