- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Yes. It is likely that all of it would be taxable, and you will receive little or no deduction to offset it.
Social Security and Medicare taxes would still be paid, and that is not a deduction on your tax return. Also, the 2% limitation and the fact you use the Standard Deduction will greatly reduce or eliminate any Job Expense deduction.
So your best option is to beg HR to change things.
Social Security and Medicare taxes would still be paid, and that is not a deduction on your tax return. Also, the 2% limitation and the fact you use the Standard Deduction will greatly reduce or eliminate any Job Expense deduction.
So your best option is to beg HR to change things.
‎June 6, 2019
6:51 AM