in Education
745483
You'll need to sign in or create an account to connect with an expert.
You could have reported the expenses if you were already in that line of work. You cannot deduct the expenses if they are for a NEW career.
Job (W-2) expenses were reported on Schedule A and only if they were over 2% of your AGI, however the Tax Cuts and Jobs Act has eliminated that deduction for tax year 2018 and beyond.
Please click the link below for more information.
[Edited 03-10-20 | 06:39PM]
You could have reported the expenses if you were already in that line of work. You cannot deduct the expenses if they are for a NEW career.
Job (W-2) expenses were reported on Schedule A and only if they were over 2% of your AGI, however the Tax Cuts and Jobs Act has eliminated that deduction for tax year 2018 and beyond.
Please click the link below for more information.
[Edited 03-10-20 | 06:39PM]
You can deduct licensing costs to maintain your credentials in the field you currently work, but not to qualify to work in a new career.
Also, for W-2 workers, the deduction for all work-related expenses is eliminated starting in 2018. If you are a W-2 employee, you should discuss a reimbursement arrangement with your employer since the expense will no longer be deductible.
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.
dakinsey
New Member
in Education
2Double
Level 3
slgoodwin
New Member
GoodAmerican
Level 1
valpaquette3012
New Member