taxeing time how the pandemic will affect filing your taxe taxe filing season will start a bit later and look a bit different this year -- ✕ taxe season guide taxe season guide copyright the associated press all rights reserved taxe filing season will start a bit later this year and look a bit different too thate s because the pandemic that defined has seeped into taxe time too if you worked from home received a relief payment took on some gig work or filed unemployment benefits — or someone filed a fake claim in your name — there are things you need to aware of likewise if you normally receive certain taxe credits the irs will begin accepting taxe returns on feb heree s what you should know before you file -- workers are not required to have federal taxe withheld from their benefit payments while they are given the option to have it withheld -- additionally unemployment benefits are always subject to federal taxe but a handful of states do not taxe it -- received less than they were due can get the proper amount by claiming the recovery rebate credit on their taxe -- its also worth noting that while no one has to pay taxe on this income at a federal level some states are taxeing it -- the selfemployed employees can no longer claim any unreimbursed expenses following the last taxe overhaul -- regularly” as the principal place of business said lisa greenelewis a cpa and taxe expert at turbotaxe that means the table where your kids do their homework your family eats dinner and you do your work does -- side note it wont affect your federal taxe but if you relocated to a different state during the pandemic you may owe state taxe in more than one location taxe credits congress put a temporary “lookback” provision in place for this taxe season that could help many low and moderateincome households -- the provision allows taxepayers to use either their or income when claiming the earned income taxe credit or child taxe credit the eligibility and size of these credits vary based on household size and -- a number of people jumped into the stock market for the first time in but taxe experts warn these investing newbies may not fully aware of their taxe obligation the most important thing to understand is you only pay taxe on investments when you “realize their gains so if you bought a stock in and its value went up — you wont pay taxe on those gains until you sell and if it sank in value the same rules of “realizing apply -- for investments held for more than a year and if you are a higher income household you may also face a net investment income taxe on capital games and other investment income -- made a killing at gamestop or another short squeeze that wont come up until taxe which arene due until next year but it would wise start making plans or anticipated payments on those taxe now some types of trading activity can complicated so it may wise to seek professional help in preparing your taxe -- unable to obtain a timely corrected form from states should still file an accurate taxe return reporting only the income they actually received -- if you jumped into gig work like many did during ready at taxe time a big shock may facing the the selfemployment taxe rate which for is on the first of net income to cover social security and medicare taxe this is not the same as income taxe -- taxe season guide