Certain miscellaneous expenses, like consultation fees for tax services that you incur throughout the year, may be able to be deducted at tax time. If you chose to itemize your expenses, you may even be able to lower the amount of taxes you owe.<\/p>\n
If you want to claim miscellaneous deductions on your tax form, you should know the following things:<\/span><\/p>\n Two Percent Limit:<\/b><\/span><\/p>\n The amount you can deduct in most miscellaneous expenses has to be greater than two percent of your adjusted gross income. Included in this rule are: <\/span><\/p>\n Exclusions to the Two Percent Limit:<\/b><\/span><\/p>\n Certain deductions aren\u2019t required to meet the two percent limit. Examples of these deductions are: <\/span><\/p>\n Some expenses aren\u2019t deductible, regardless of your AGI. You can\u2019t deduct any costs associated with personal amenities or family living expenses. Any expenses you wish to deduct should be filed with your regular tax return using Schedule A, Itemized Deductions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Certain miscellaneous expenses, like consultation fees for tax services that you incur throughout the year, may be able to be deducted at tax time. If you chose to itemize your expenses, you may even be able to lower the amount of taxes you owe. If you want to claim miscellaneous deductions on your tax form, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[191,29,174,25,193,149,182,28,192,190],"class_list":["post-113","post","type-post","status-publish","format-standard","hentry","category-deductions-2","tag-business-travel","tag-employee-business-expenses","tag-gambling","tag-itemized-deductions","tag-job-search","tag-losses","tag-miscellaneous-deduction","tag-schedule-a","tag-uniforms","tag-union-dues"],"yoast_head":"\n\n
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