Tax Tips 2017: Job Expenses
Job Expenses
Everyone wants to deduct job related business expenses, but what qualifies? There are some common beliefs of what can be and can’t be deducted. For example, you cannot write off your daily lunches or commute to work. You can however write any travel miles that you drive for business at 54 cents per mile.
Some job expenses that the IRS will allow you to deduct if they are unreimbursed by your employer are:
- Uniforms
- Professional Dues
- Protective Gear
- Safety Equipment
- Small Tools
- Professional Journal Subscriptions
- Travel Between Offices
Of these expenses, only the amount that exceeds 2% of your adjusted gross income will be counted in your Schedule A itemized deductions.
If you want to know if you qualify for these deductions, give us a call at (714)-533-2600 to schedule a free consultation to make sure you are maximizing your deductions.