It’s been nearly two months since millions of employees started working from home as a result of the COVID-19 pandemic, and the question on many of our minds is whether we can deduct various home-office expenses from our 2020 income next tax season.
Some employees who received a technology allowance or reimbursement from their employers to upgrade their home computer equipment are also wondering whether they will have to include this amount in their 2020 income as a taxable employment benefit.
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