In an era marked by rising taxes and the pinch of inflation, St. Louis remote workers have a chance to reclaim a significant amount of money. With the deadline fast approaching, individuals who worked remotely from outside the city limits during the pandemic could be eligible for a refund of the 1% city earnings tax paid over several years—a potential savings of $2,400 or more!
A Financial Boost When It Counts
As costs continue to rise, getting a refund for St. Louis city earnings tax for the years 2020, 2021, 2022, and 2023 can provide a welcome financial cushion.
For example, if you earned $60,000 annually during these years and worked remotely, you might be eligible for $600 per year in refunds from the earnings tax. Over four years, that totals up to $2,400—money that could help offset increased living expenses or be saved for future needs.
Christian Stein: Guiding St. Louisans to Their Refunds
Christian Stein, a plaintiff in the case that secured this refund opportunity, has been at the forefront of guiding remote workers through the claims process. “The response has been overwhelming,” Stein remarks. “Many are surprised by how much they can reclaim, and every bit helps, especially now with the financial strains many are facing.”
Who’s Eligible?
If you were employed by a company based in St. Louis city but worked remotely from a location outside the city at any point during 2020-2023, you’re likely eligible for this refund. This initiative follows a series of court rulings favoring workers who were taxed despite working remotely.
Act Now: Deadline Approaching!
Don’t wait—the window to claim your refund for the years 2020-2022 closes on September 30, 2024. For the tax year 2023, claims can be made until April 15, 2025. It’s crucial to start gathering your documentation now, including W-2 forms and any proof of remote work.
Christian Stein continues to offer support to those who may find the process daunting. “Our goal is to ensure no eligible worker misses out on these refunds. If you think you qualify, reaching out sooner rather than later can make all the difference,” advises Stein.
Looking Ahead
As we navigate these challenging economic times, reclaiming every possible dollar counts. For St. Louis remote workers, this tax refund opportunity is not just about getting money back—it’s about fairness and adjusting to new norms of remote working.
For a detailed guide on how to file your claim and more insights from Christian Stein, click here to read our article on the St. Louis Earnings Tax Refund. Make sure to check your eligibility today and take action to secure your refund before the deadlines.
More Information
If you have questions, contact us to discuss your situation.
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David Smith
David Smith helps businesses and individuals develop smart business practices for tax and accounting advantages as the president of Smith Patrick CPAs. He is involved in the cannabis industry in Missouri through MoCannTrade and other organizations, helping cannabis operators with their tax and accounting needs.
About Smith Patrick CPAs
Smith Patrick CPAs is a boutique, St. Louis-based, CPA firm dedicated to providing personal guidance on taxes, investment advice and financial service to forward-thinking businesses and financially active individuals. For over 30 years, our firm has focused on providing excellent service to business owners and high-net worth families across the country. Investment Advisory Services are offered through Wealth Management, LLC, a Registered Investment Advisor.