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deductible only to the extent all miscellaneous expenses exceed 2% of adjusted gross income. Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal ...
In general, if you can deduct the attire on your taxes, you probably would not ... you can only deduct business attire as a miscellaneous expense. Miscellaneous expenses are subject to a 2 percent ...
The new Tax Cut and Jobs Act, known as TCJA, wiped out a lot of the miscellaneous investment expenses that people wrote off previously, says David Faje, a certified public accountant and partner ...
Are those expenses tax-deductible ... see IRS Publication 529, Miscellaneous Deductions. Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance ...
They fall into the same tax category as other miscellaneous deductions such as: Unreimbursed employee expenses Tax preparation fees Casualty and theft losses Losses on deposits Safe deposit box ...
As long as a taxpayer is seeking a job in his or her current profession and can file a Form 1040, some job search expenses may be tax deductible and claimed as a miscellaneous deduction.