Employment Related and Other Misc. Expenses are no Longer Deductible on 2018 Returns

Updated: Jan 21, 2019

Deductions for expenses such as union dues, business miles, cell phone and other out of pocket job expenses will not be deductible under the new tax laws. This does not apply to the self employed individuals and business owners filing Schedule C, this applies to the employee paid on form W-2. It has been recommended that you inquire with your employer to request reimbursement for significant out of pocket employment related expenses incurred by you.

Other expenses such a tax preparation fees from the prior year and investment expenses are no longer allowed as well.

The good news is, this does not necessarily mean that you will pay a higher tax this year if you have been deducting these expenses in previous years. There are other changes to the tax code that could compensate for the loss of this deduction, and depending on your individual tax situation, you may end up paying less tax under the new laws.

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