MORISON COGEN – TAX SPECIALISTS

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Is your home office a tax haven? Here are the rules for deductions

Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. The numbers are even higher in certain occupational groups. About one in three people in management, professional and related occupations works from [...]

Federal Tax Posts


In the U.S. House of Representatives, a bill was recently introduced that would extend and enhance the Paid Family and Medical Leave Credit (under IRC Section 45S). The bill proposes, among other things, to expand eligibility by reducing the minimum employment period for qualifying employees from one year to six months. The bill has broad bipartisan support and aligns with a Senate bill introduced earlier this year. However, passage is uncertain. The current credit is scheduled to expire at the end of next year. For additional information from the IRS on the credit in its current form: https://bit.ly/3y0ncrS 

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