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