360269
I would like to know if I can deduct any business related business if I am a W-2 employee for 2018. If so, what are those specific deductions?
You'll need to sign in or create an account to connect with an expert.
Up to tax year 2017, job-related expenses as an employee were deductible as an itemized deduction subject to the 2% of AGI floor.
Under the Tax Cuts and Jobs Act, the itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.
Therefore, your job-related expenses are no longer deductible for tax year 2018.
Up to tax year 2017, job-related expenses as an employee were deductible as an itemized deduction subject to the 2% of AGI floor.
Under the Tax Cuts and Jobs Act, the itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.
Therefore, your job-related expenses are no longer deductible for tax year 2018.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mudtech61
Level 1
jocelyn-limmer
New Member
TuckerdogAVL
Level 5
SterlingSoul
New Member
NN52825
New Member