As more employees worked from home in 2020, they may be asking if they can deduct home office and other unreimbursed employee costs. This deduction is no longer allowed for employees after the tax changes that passed in 2017. The deduction is available to self-employed and independent contractors on Schedule C. They can deduct a…
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How Long Should I Keep Records?
Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction. For…
Non-filers have until NOVEMBER 21, 2020 to request stimulus payments on the irs’s website.
GO TO WWW.IRS.GOV AND LOOK FOR THE BOX “NON-FILERS: ENTER PAYMENT INFO HERE”. TO CHECK ON THE STATUS OF A STIMULUS PAYMENT, GO TO “GET MY STIMULUS ECONOMIC IMPACT PAYMENT”. https://www.irs.gov/coronavirus/non-filers-enter-payment-info-here https://www.irs.gov/coronavirus/economic-impact-payments
For 2020 Non-Itemizers can deduct up to $300 in charitable contributions.
https://www.kiplinger.com/taxes/tax-deductions/601279/do-you-qualify-for-a-300-tax-deduction-under-the-cares-act