Malpractice tail

Forum|Forum|4 years ago
January 21, 2022
2 replies
5 views

Hi -

My understanding is that non-reimbursed employee expenses are no longer tax deductible as of 2020. I'm changing practices and my malpractice is of course covered by both but I'm trying to mitigate expenses for tail on a claims-made policy.

Thanks!

ColeenD3

Level 15

Yes, you are correct. With the TCJA Unreimbursed Employee Expenses were eliminated.

xmasbaby0

Level 15

As of the tax laws that changed for 2018 and beyond, W-2 employees cannot deduct job-related expenses on a federal tax return. Some state laws might be different.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**