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Connecticut Spares 110,000 Covid-19 Telecommuters
Connecticut Spares 110,000 Covid-19 Telecommuters From Double Taxation For 2020, But What About 2021?
Some 110,000 Connecticut telecommuters will be spared from double taxation on their wage income for 2020, thanks to a Covid-19-relief tax bill that Governor Ned Lamont signed into law today.
“It lets Connecticut residents off the hook for Connecticut taxes if they were in Connecticut working because their New York [or Massachusetts] offices were closed during the pandemic,” says Mark Klein, a tax lawyer with Hodgson Russ who specializes in state tax matters.
At least the new law gives these Connecticut taxpayers relief and certainty for filing their 2020 tax returns due this April 15. But what about 2021? That’s an open issue. New Hampshire is asking the U.S. Supreme Court to hear a case on the state taxation of nonresidents that could change the whole system.
For now, Connecticut legislators put in a quick fix. Connecticut residents who used to commute to work in offices in New York and Massachusetts but worked from home in 2020 because their offices were closed due to the Covid-19 pandemic will get a tax credit on their Connecticut tax return for income taxes paid to the other state, under a rescue plan that’s dubbed “An Act Mitigating Adverse Tax Consequences Resulting From Employees Working Remotely During COVID-19.” The Senate passed the bill 28-7 on Monday, following the House’s vote of 124-44 last week. That puts these workers on par with telecommuters who get the tax credited because they work at home for their convenience.
Read More : pgslot
Some 110,000 Connecticut telecommuters will be spared from double taxation on their wage income for 2020, thanks to a Covid-19-relief tax bill that Governor Ned Lamont signed into law today.
“It lets Connecticut residents off the hook for Connecticut taxes if they were in Connecticut working because their New York [or Massachusetts] offices were closed during the pandemic,” says Mark Klein, a tax lawyer with Hodgson Russ who specializes in state tax matters.
At least the new law gives these Connecticut taxpayers relief and certainty for filing their 2020 tax returns due this April 15. But what about 2021? That’s an open issue. New Hampshire is asking the U.S. Supreme Court to hear a case on the state taxation of nonresidents that could change the whole system.
For now, Connecticut legislators put in a quick fix. Connecticut residents who used to commute to work in offices in New York and Massachusetts but worked from home in 2020 because their offices were closed due to the Covid-19 pandemic will get a tax credit on their Connecticut tax return for income taxes paid to the other state, under a rescue plan that’s dubbed “An Act Mitigating Adverse Tax Consequences Resulting From Employees Working Remotely During COVID-19.” The Senate passed the bill 28-7 on Monday, following the House’s vote of 124-44 last week. That puts these workers on par with telecommuters who get the tax credited because they work at home for their convenience.
Read More : pgslot