CHRISTINE REYNOLDS, E.A. NTPI FELLOW®
  • Home
  • Services
  • CLIENT PORTAL
  • New for Tax Year 2022
  • Make a Payment
  • Testimonials
  • Tax Links/Tools
  • Tax Resources
  • What is an EA?
  • What is an NTPI Fellow®
  • Contact Us
  • Blog

Some Miscellaneous deductions to consider

3/15/2013

 
Taxpayers often forget or don't realize that there are a number of miscellaneous items that they
can deduct on their schedule A such as tax preparation fees, job expenses, investment fees, job 
education costs etc.  The total of these deductions must be greater than 2% of your adjusted gross income, but added together they just may hit the mark and save you a few extra dollars. The following is a list from 
IRS pub 529 of common unreimbursed employee expenses.  Keep in mind that these expenses must be paid or incurred during your tax year, for carrying on your trade or business of being an employee, and ordinary and necessary.
Business bad debt of an employee
Business liability insurance premiums.
Damages paid to a former employer for breach of an employment contract.
Depreciation on a computer your employer requires you to use in your work.
Dues to a chamber of commerce if membership helps you do your job.
Dues to professional societies.
Educator expenses.
Home office or part of your home used regularly and exclusively in your work.
Job search expenses in your present occupation.
Laboratory breakage fees.
Legal fees related to your job.
Licenses and regulatory fees.
Malpractice insurance premiums. 
Medical examinations required by an employer. 
Occupational taxes.
Passport for a business trip. 
Repayment of an income aid payment received under an employer's plan. 
Research expenses of a college professor.
Rural mail carriers' vehicle expenses.
Subscriptions to professional journals and trade mag-azines related to your work. 
Tools and supplies used in your work. 
Travel, transportation, meals, entertainment, gifts, and local lodging related to your work.
 Union dues and expenses.


Comments are closed.
    Picture

    Author

    Chris has been working in the industry for over a decade and has a passion for ensuring her clients have the best service in the area of taxation, accounting and bookkeeping.

    Archives

    January 2018
    January 2017
    November 2016
    January 2015
    August 2014
    January 2014
    April 2013
    March 2013
    February 2013
    January 2013

    Categories

    All

    RSS Feed

Copyright © 2012-2017 Christine Reynolds — All Rights Reserved
  • Home
  • Services
  • CLIENT PORTAL
  • New for Tax Year 2022
  • Make a Payment
  • Testimonials
  • Tax Links/Tools
  • Tax Resources
  • What is an EA?
  • What is an NTPI Fellow®
  • Contact Us
  • Blog