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zach112288
New Member

Am I getting a refund on my job expenses

 
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Marketstar
Level 7

Am I getting a refund on my job expenses

Job expenses  are miscellaneous deductions which you can only deduct if you itemize your deductions (medical, mortgage interest, property taxes, charitable deductions, ect) and if the total of your miscellaneous expenses (including employee business expenses) are greater than 2% of your Adjusted Gross Income.

So, you may not gain a tax benefit (may not add to your refund) for this deduction

 For example, if you itemize your deductions and your Adjusted Gross income is $50,000, 2% would equal $1,000.

You can only deduct the dollar amount that exceeds $1,000.

 When you enter it, TurboTax will give the maximum benefit, if any.

Job-related expenses are reported on Form 2106 (Employee Business Expenses).

To enter job related deductions:

  • Type in 2106 in the search box, top right of your screen, then click the magnifying glass

  • Click the jump to 2106 link in the search results.

  • Follow the prompts and onscreen instructions.

 

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1 Reply
Marketstar
Level 7

Am I getting a refund on my job expenses

Job expenses  are miscellaneous deductions which you can only deduct if you itemize your deductions (medical, mortgage interest, property taxes, charitable deductions, ect) and if the total of your miscellaneous expenses (including employee business expenses) are greater than 2% of your Adjusted Gross Income.

So, you may not gain a tax benefit (may not add to your refund) for this deduction

 For example, if you itemize your deductions and your Adjusted Gross income is $50,000, 2% would equal $1,000.

You can only deduct the dollar amount that exceeds $1,000.

 When you enter it, TurboTax will give the maximum benefit, if any.

Job-related expenses are reported on Form 2106 (Employee Business Expenses).

To enter job related deductions:

  • Type in 2106 in the search box, top right of your screen, then click the magnifying glass

  • Click the jump to 2106 link in the search results.

  • Follow the prompts and onscreen instructions.

 

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