A Supervisor Can Claim Certain Deductions

Supervising and managing production or employees comes with a lot of responsibilities. So does tax time. As a supervisor, you need to be prepared to file your and get the best benefit available to you.

Deductions are a great way to reduce you taxes, provided they are related to your . At tax time, you will receive a Form from your . This tax form will list all of your earnings and wages as well as for the tax year. You can lessen your tax burden by claiming you incurred as an employee on a , Itemized Deduction. However, these expenses may be subject to a 2% .

As long as you have to substantiate your costs, you can typically deduct , refreshments you purchased for meetings, dues or association fees for professional organizations, and subscription costs for publications.

If you’ve taken refresher courses, vocational training courses, or classes to update you on new developments, you may be able to deduct expenses you incurred from these classes. Although, it’s important to note that if the class allows you to work in a new field, it’s not deductible. For instance, a retail supervisor can’t deduct expenses for classes relating to the field of biology.