Coming soon...right after the election will be a premium Forbes tax newsletter, Tax Tactics, to help Americans—and particularly investors, retirement savers and entrepreneurs—navigate one of the most challenging tax landscapes in decades. Bad news, you can’t deduct home office expenses and you might find two states want to tax your income. Massive stimulus spending is driving up the national debt and sooner or later, tax rates must rise to pay for it. Good news if your loan was for less than $50,000: this month the Small Business Administration released a streamlined forgiveness application form you can use. Meanwhile, some small businesses are also grappling with new Covid tax credits for employee retention, sick leave and family leave.

Source: Forbes October 22, 2020 18:45 UTC