Say Cheese! Barbara Taibi Gives Cheddar TV the 411 on Filing 2019 Taxes

EisnerAmper Partner Barbara Taibi was a guest on Cheddar TV’s “Financial Fitness” program discussing the impact of COVID-19 on the tax-filing process this year. While the federal filing deadline has been extended to July 15, Barbara stressed that it is important to also know your state’s filing status. Is your state following or did it decouple from the federal schedule? Another important point Barbara had made is that even though you can request a filing extension through October 15, the tax amount you owe is still due on July 15. If it is not paid by that date, you could be subject to interest and penalties. Finally, with so many people working from home, Barbara clarified how people may or may not be eligible to deduct expenses for working at home. Check out the complete segment below.