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Deductions & credits
Sometimes they can benefit you. I'll include instructions to enter them below. Job expenses are reduced by 2% of Adjusted Gross Income (AGI - a subtotal on your tax return). They're also an itemize deduction so you must itemize for them to have an impact, but it looks like you're in Deluxe so you should try to enter them. The software will tell you at the start of the section if you're taking the standard deduction (& discourage you from entering these).
- Click 'Take me to my return'
- Select the 'Federal Taxes' tab and then click the 'Deductions & Credits' tab below it
- Scroll down to the 'Employee Expenses' section and click the blue hyperlink 'Show more'
- Click 'Start' or 'Revisit' next to 'Job Expenses for W-2'
- Next you'll be asked about your 'occupation'. This section will ask about all unreimbursed employee job expenses and you can enter your tools. On the last screen, they'll be an option to enter a description and amounts. [Note: if you already updated this section or some of the questions from this section, you may be on a summary screen and need to click 'Edit' next to the applicable 'Occupation']
May 31, 2019
10:37 PM