Do I deduct expenses for the wall street journal under investment or work related

[rjs]

That doesn't sound like a deductible expense at all. The Wall Street Journal is a general newspaper with something of a business orientation. It's hard to see it as being exclusively investment advice or business-related. What kind of business are you in that makes it necessary to subscribe to the Wall Street Journal?

If you do deduct it, the effect on your tax, if any, is the same whether you call it investment expense or job-related expense. Either type of expense is a miscellaneous itemized deduction subject to the 2% of AGI limitation. That means that 2% of your Adjusted Gross Income (AGI) is subtracted from your total miscellaneous itemized deductions. Only what remains is deductible. In addition, your total itemized deductions must be more than your standard deduction for the itemized deductions to give you any tax benefit.

[Carl]

If the WSJ is not a condition of employment or continued employment, then it's not a deductible expense. I also seriously doubt the subscription cost will ever exceed 2% of your AGI too, meaning even if you can claim it and do so, it will not make any difference what-so-ever on your bottom line tax liability.