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billyds
New Member

I bought a new toolbox for work, can that be deducted

 
1 Reply
AndreaG
New Member

I bought a new toolbox for work, can that be deducted

Yes. You can take a deduction for the tool box that you purchased for your job if you qualify to itemize your deductions. However, unreimbursed employee expenses, as well as certain miscellaneous expenses are subject to the 2% rule. Please refer to the following FAQ to learn more.  https://ttlc.intuit.com/replies/4800344

To itemize your deductions, you would have to have personal expenses such as medical and dental expenses, mortgage interest, real estate taxes, unreimbursed job expenses and certain miscellaneous expenses, and charitable contributions that when combined together, total more than your standard deduction. For example if you file single, your standard deduction is $6300 so you would have to have personal expenses that total more than $6300.

Please refer to pages 2-3 of Pub 529 under the heading, "unreimbursed employee expenses" for additional information  https://www.irs.gov/pub/irs-pdf/p529.pdf


 

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