Woman with laptop and cat For many, working from home has meant setting up shop in a primary residence, whether from an established or makeshift home office. (Photo: Shutterstock)

To navigate the coronavirus pandemic, companies have had to act quickly and increase their flexibility on just about everything. Day-to-day business functions have been turned upside down by procedures to keep employees safe, leading to a surge in work-from-home (WFH) arrangements.

Over the course of the year, employers and employees have found ways to continue operations remotely, but a major consideration looms: what does this mean for employees’ 2020 taxes? While April 2021 might feel far away, the following are some insights on the tax implications of telecommuting that you can share with your workforce now.

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