—even if you're working. As the coronavirus pandemic continues to spread across the country, many of us are finding that the new normal means not leaving the house, or at least not for work anyway.found that of all those employed in May, 35.2% worked entirely from home, compared to just 8.2% in February. Further, a whopping 71.7% of US workers whowork from home did so in May.
Bottom line: there is currently no national standard for the withholding, filing and payment of state income taxes for employees who work in more than one state or work in one state and live in another.That means you may have tax requirements where you typically work as well as where you live. Usually, you can sort that out via withholding, tax agreements, and credits.
And remember the tax credit? To make it work, you have to file in the right order. You first file and report income to the state where you work and then claim the credit on your resident tax return. If you mix up the order, you may end up missing out on the credit and get stuck paying additional state tax, or miss out on a refund you’re otherwise entitled to.
hire a tax professional, but you should still be aware now of the basic rules in your state to make sure you don’t get a nasty surprise next April. During the pandemic, the AICPA developedthat would allow businesses to continue to withhold state income tax from employees based on the employer's location instead of the employee's work-from-home location - in other words, under these recommendations, your tax and withholding wouldn’t change at all.
Aw man, it's just a bunch of super helpful legal resources and mental health/HR tips. I was hoping for cocktail recipes 🍸
WFH
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge asked to reject Trump's claim subpoena for tax returns is too broadManhattan District Attorney's office urges judge to reject Pres. Trump's claim that a subpoena for his tax returns is overly broad and intended to harass. I don't care about his tax returns, he was rich before . Whomever is operating twitter for you folks today should be added to sleepy joes payroll as a contribution EnemyOfThePeople He’s clearly hiding something or he show and tell how beautiful his taxes are.
Source: ABC - 🏆 471. / 51 Read more »
How Trump’s Payroll Tax Holiday Might WorkWhile the President's payroll tax holiday may put more money in workers’ wallets, it’s only a temporary measure that could have a negative impact later. SMH. Nationwide USPSprotests I’ll spare you a click folks. You’ll have to pay those back taxes in your 2020 tax filing. It will NEVER be repealed. What happens to Social Security? If it's gone, I want my fucken money I paid in.
Source: Forbes - 🏆 394. / 53 Read more »
Summer heat was always a health risk for UPS workers. Then came COVID.UPS employees say heavy workloads, COVID-19 safety measures and sweltering summer heat are pushing them to the limit. “It's about 105 to 110 and hotter in the back of that truck. We're working, 10, 11, 12, 13 hours a day. We’re tired.” I saw a USPS truck with pop-out vent/wings cut in the back of a truck on sides, seems a no-brainer mod along with a ceiling vent fan. Though the dark color brown is still going to add at least 5 degree's to the internal temp. could paint the roof white though. God bless them i see the hypocrisy. we all have to go back to work but teachers and others feel they are better than us and use our services we provide while whining about going back to work
Source: NBCNews - 🏆 10. / 86 Read more »
Police move in after fights break out during Georgia protestAt Stone Mountain, Georgia, police in riot gear have dispersed right-wing demonstrators and groups supporting the Black Lives Matter movement, after fights erupted between the opposing protesters, some of whom were armed. This is not a fair fight...one group wants to preserve the American way. And the other wants to not be property to the American way anymore. 🤣🤔😆 Meanwhile trump golfs aaand y'all want to cancel all cops. smh.
Source: AP - 🏆 728. / 51 Read more »
How to get started in real estate investing: Expert strategies, advice - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »