Taxing Times: Can I Deduct COVID-Related Expenses?

Taxing Times: Can I Deduct COVID-Related Expenses?

Assessment

Interactive Video

Business, Education

9th - 12th Grade

Hard

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Quizizz Content

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The video discusses the financial impact of the pandemic on workers, focusing on expenses for protective gear and their tax implications. It explains that while most workers cannot deduct these expenses, self-employed individuals and teachers may have some options under the coronavirus relief package. Additionally, it covers the possibility of deducting COVID-19 related medical expenses if certain conditions are met. For more detailed tax information, viewers are directed to visit a specific website.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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