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Tax Day Is Upon Us
Tax season has started and tax prepares have begun springing up through out Los Angeles.
(
Chava Sanchez/LAist
)
After a month-long delay, tax day is Monday.
The deadline was extended this year because of the dozens of pandemic-related changes that may impact taxpayers’ bottom lines — from unemployment benefits to working-from-home deductions to stimulus payments.
Those who collected unemployment benefits in the before-times may have faced a surprise tax bill this spring. But Congress addressed the issue by excluding the first $10,200 in unemployment benefits from federal taxes. However, you still must pay state taxes on that income.
And while freelancers and contractors have long been able to write off certain work-from-home expenses, those who collect a W-2 are not eligible for such deductions.
One year ago, Congress voted to defund public media, eliminating a critical $1.7 million from our budget every year going forward. But they couldn’t silence us, and we’re not going anywhere. LAist is now 100% community funded and that means we’re taking our future into our own hands and turning to you to keep local reporting strong.
You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
If this story helped you, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
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