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.
psdonegan81
New Member
mattfernandez87
New Member
Kuddin2
Level 1
tukus-raides
New Member
bberardini
New Member