Telecommuting Tax Implications: Navigating Remote Work Taxes
The shift to widespread telecommuting has not only transformed the way we work but has also introduced complex tax considerations for both employees and employers. Understanding the telecommuting tax implications is crucial for navigating the financial landscape of remote work.
Residency and State Income Taxes:
One of the primary telecommuting tax considerations is the impact on state income taxes. Working remotely may change an individual’s tax residency, potentially leading to tax obligations in a different state. Employees and employers need to be aware of the specific tax rules for telecommuters in each state