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 federal income taxes and get the best benefit available to you.

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

As long as you have receipts to substantiate your costs, you can typically deduct supplies, 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 education expenses for classes relating to the field of biology.