Month: August 2020

What taxpayers must know about the Home Office Deduction

The Home Office Deduction allows certain taxpayers who qualify to deduct certain home expenses on their tax returns. More people than ever are working from home, and they may be wondering if they qualify to take these home-office deductions when they file their income tax returns for 2020 next year. Here is some especially important information to keep in […]
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Coronavirus Tax Relief: 2019 tax refund interest

Many individual taxpayers who filed 2019 tax returns with refunds due to them will receive interest on their refund from the IRS. The regular April 15 due date for filing returns and paying income taxes was postponed to July 15, 2020, as part of the IRS response to the COVID-19 pandemic. The IRS is required by […]
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