Was your 2020 Business Income Affected by COVID?

If you were unable to work in your normally-profitable self-employed business due to practically almost any COVID-related reason, you can save up to 5K of tax.  If you couldn’t work in your self-employed business because you had to take care of your children or another dependent, then you can save up to 10K of additional tax (on top of the 5K).  Call us for details – there is math involved.