Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
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


 

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.49m
Members

2.63m
Discussions

Manage cookies
v
ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789-_~