Job-Expense and Most other Misc. Deduction Questions

Article ID: 59976  

Question
Job-Expense and Most other Misc. Deduction Questions

Answer

Miscellaneous itemized deductions suspended.

The previous deduction for job-related expenses or other miscellaneous itemized deductions that exceeded 2 percent of your adjusted gross income is suspended. This includes unreimbursed employee expenses such as uniforms, union dues and the deduction for business-related meals, entertainment and travel, as well as any deductions you may have previously been able to claim for tax preparation fees and investment expenses, including investment management fees, safe deposit box fees and investment expenses from pass-through entities. The business standard mileage rate listed in Notice 2018-03 cannot be used to claim an itemized deduction for unreimbursed employee travel expenses during the suspension.

See www.IRS.gov , search for Schedule A for more information


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Views: 957 Created on: Jun 15, 2013