Working from home because of COVID-19? You might have screwed up your tax situation for 2021

[Andy Meek]

• The latest coronavirus update we have continues to paint a fairly bleak portrait of where the US is at with its COVID-19 response, as the pandemic continues to get worse in the colder months of the year.
• Some professionals are using the coronavirus pandemic as an opportunity to try remote working.
• However, a survey from the American Institute of CPAs found that some 70% of US adults didn't realize this situation might trigger a state tax obligation for them.

It's become a tiresome phrase by now, but one of the "new normals" that the coronavirus pandemic has ensured will be with us for some time to come is the reality of working outside of a crowded office -- which can take various forms, including working at home as well as remote work, where employees don't even necessarily need to live in the same city as their employer anymore.

Lots of companies are already telling their workers that they'll be deep into 2021 before they even need to think about returning to a physical office because of the pandemic. Tech giants like Facebook, Google parent company Alphabet, and Amazon have told their employees they won't be back until July or August, while other major companies are already laying the groundwork for rotations, whereby some employees would only be in the office on certain days. This all comes as the latest coronavirus update continues to paint a pretty bleak picture in the US, with the most recent Johns Hopkins University data as of the time of this writing showing that more than 12.5 million coronavirus cases have been identified in the US to-date, along with more than 259,000 deaths.

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Working from home because of COVID-19? You might have screwed up your tax situation for 2021 originally appeared on BGR.com on Sat, 28 Nov 2020 at 12:05:00 EDT. Please see our terms for use of feeds.

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