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Level 1
June 1, 2019
Solved

Itemized deductions, choosing

  • June 1, 2019
  • 1 reply
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Based on the 2% rule, I can claim 726$ from a 36300 agi. When i input all of the costs into the job related expenses, why am i not seeing a difference on my totaled federal tax return?
Best answer by SweetieJean

Are your total itemized deductions more than the Standard deduction?

And you only get a deduction for the job expense amount that is in excess of $726. So, a $750 job expense only gives you a $24 deduction..

1 reply

Alumni - Champ
June 1, 2019

Are your total itemized deductions more than the Standard deduction?

And you only get a deduction for the job expense amount that is in excess of $726. So, a $750 job expense only gives you a $24 deduction..