674760
You'll need to sign in or create an account to connect with an expert.
It's impossible to say for sure without a lot more information, but this may explain it:
In order to claim a deduction for unreimbursed business expenses, you would have to itemize your deductions. Additionally, the deduction is allowed only for the amount that is more than 2% of your Adjusted Gross Income (AGI).
It is very difficult to qualify for this deduction. That's because the expense limit is so high. In order to qualify, your job-related expenses must be more than 2% of your AGI (adjusted gross income).
Example: If your AGI is $40,000, your expenses would have to be more than $800 ($40,000 x 2%). Even then, you could only deduct the amount over $800. So, if your job-related expenses were $1,000 you could only deduct $200 ($1,000 - $800).
It's impossible to say for sure without a lot more information, but this may explain it:
In order to claim a deduction for unreimbursed business expenses, you would have to itemize your deductions. Additionally, the deduction is allowed only for the amount that is more than 2% of your Adjusted Gross Income (AGI).
It is very difficult to qualify for this deduction. That's because the expense limit is so high. In order to qualify, your job-related expenses must be more than 2% of your AGI (adjusted gross income).
Example: If your AGI is $40,000, your expenses would have to be more than $800 ($40,000 x 2%). Even then, you could only deduct the amount over $800. So, if your job-related expenses were $1,000 you could only deduct $200 ($1,000 - $800).
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
patnolan10221
New Member
sdowney1951
New Member
Trevormontgomeryparrott
New Member
Yunguang
Returning Member
in Education
1d6594e419ad
Level 3