Itemize Your Deductions to Claim Job Expenses

You shouldn’t have to spend money to make money. However, sometimes you need to purchase items say you can perform your job more effectively. There are different types of work-related such as extra , electronic gadgets, special , and other supplies. While you may be shelling out a lot of cash for these expenses, you may be able to get some cash back at tax time.

The site of expenses are known as and as long as you paid for them without reimbursement, their most likely deductible when you file your . However, you only to itemize your in order to claim employee expenses. In addition, these expenses need to exceed 2% of your in order to be deductible.

Some Examples of

Depending on your industry, you may encounter different types of deductible expenses. Some of the most common include:

  • Specialized tools and equipment for your trade
  • Uniforms and work clothes
  • Cell phones, computers, or tablets used for work purposes
  • Union dues or trade association fees
  • Subscriptions to trade journals and professional publications
  • Trading costs for improving or maintaining skills
  • Expenses related to finding a job within your industry