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Recode Daily

How do taxes work for remote employees? It's complicated.

Recode Daily

Recode

Society & Culture, Science, Technology

4.61.3K Ratings

🗓️ 15 April 2021

⏱️ 6 minutes

🧾️ Download transcript

Summary

If you're one of the millions of employees who work remotely in the last year, your taxes could be changing. With a month left to file your income tax return, Recode’s Rani Molla is here to explain what you should be looking out for as a remote employee. Read Rani’s story here. Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. What do you want to learn about on Recode Daily? Send your requests and questions to recodedaily@recode.net. We read every email! Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app. Learn more about your ad choices. Visit megaphone.fm/adchoices This episode was made by: - Host: Peter Kafka (@pkafka) - Producer: Schuyler Swenson - Engineer: Paul Mounsey Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:24.0

Go to Salesforce.com forward slash 360 to learn more.

0:30.0

Today is April 15th. That's tax day, except it's not.

0:39.0

The IRS has extended this year's deadline to file and people like myself now happen

0:44.0

till May 17th to get those forms in.

0:47.0

But if you're one of the millions of employees who work remotely in the last year,

0:50.0

you may find some surprise taxes you haven't heard about yet.

0:54.0

Luckily, my colleague Ronnie Mola is here to explain. Hi, Ronnie.

0:57.0

Hey, Peter. You know, used to sit next to each other day after day after day

1:02.0

and then the pandemic came and you went away to an undisclosed location

1:06.0

somewhere north of New York City. How's it going up there?

1:09.0

Colder than where you are, but pretty good.

1:12.0

It's colder and are your taxes any different because you live upstate?

1:17.0

So for me, it's not that different because I used to live in Brooklyn

1:23.0

and now I've moved upstate within the same state.

1:26.0

So it's just a matter of, you know, just paying taxes where I live.

1:30.0

But had I moved to, you know, another state say like Texas or Tennessee,

1:34.0

it might be a different situation. Why is that?

...

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