You must also meet what’s called 'the 2% floor.' That is, the total of the expenses you deduct must be greater than 2% of your adjusted gross income, and you can deduct only the expenses over that amount.
To deduct workplace expenses, your total itemized deductions must exceed the standard deduction. If you’re a salaried employee, you may be surprised to learn that your deductions include certain job-related expenses. Paying taxes is inevitable-but finding extra tax deductions is enviable. Taxpayers classified as employees can also deduct some of their unreimbursed business expenses.īeginning in 2018, unreimbursed employee expenses are no longer eligible for a tax deduction on your federal tax return however, some states such as California continue to provide a deduction on your state tax return if you qualify. Deducting business expenses isn't just for the self-employed.
