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Prof Liability Expense for W2 job

Where do I write off an expense for prof liability insurance that is NOT paid by my employer?

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DawnC
Expert Alumni

Prof Liability Expense for W2 job

Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the unreimbursed employee expenses deduction has been suspended in tax years 2018 through 2025. There are some exceptions where you can still use Form 2106 through tax year 2025, including if you were an Armed Forces reservist, qualified performing artist, fee-basis, state or local government official, or an employee with impairment-related work expenses.

 

State taxes: Job-related expenses might be deductible in your state even if they’re not deductible on your federal return. You can enter your expenses as below and we’ll figure out if you can deduct them.

 

If you’re self-employed or own a business, enter your business-related expenses on Schedule C instead.

 

This link has instructions on how to enter your job-related expenses in TurboTax (if you meet the requirements mentioned above).

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4 Replies
DawnC
Expert Alumni

Prof Liability Expense for W2 job

Under the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017, the unreimbursed employee expenses deduction has been suspended in tax years 2018 through 2025. There are some exceptions where you can still use Form 2106 through tax year 2025, including if you were an Armed Forces reservist, qualified performing artist, fee-basis, state or local government official, or an employee with impairment-related work expenses.

 

State taxes: Job-related expenses might be deductible in your state even if they’re not deductible on your federal return. You can enter your expenses as below and we’ll figure out if you can deduct them.

 

If you’re self-employed or own a business, enter your business-related expenses on Schedule C instead.

 

This link has instructions on how to enter your job-related expenses in TurboTax (if you meet the requirements mentioned above).

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Prof Liability Expense for W2 job

Employee business expenses are not deductible on a federal tax return.

Prof Liability Expense for W2 job

Thank you.

Prof Liability Expense for W2 job

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