XML Financial Group Blog

Working Remotely? Avoid These Tax Headaches

Written by XML Financial Group | May 24, 2022 2:00:00 PM

Thanks to the COVID-19 pandemic, working from home has become increasingly more popular in the past two years. And even as employers push for a return to the office, many employees are transitioning to full-time remote work, often from two or more locations—and this can create serious tax complications.

State tax revenues plunged in the wake of COVID-19 and the business shutdowns caused by the pandemic, and states are going after income tax revenues more aggressively than they were pre-pandemic. This article from Money explains why remote employees who work in two or more states could end up paying double (or more) in state income taxes and explains what you can do to avoid this tax headache.

Click here to read the article.

 

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.