The Tax Cuts and Jobs Act of 2017 made significant
changes in many areas of tax law. Among the most discussed in the media has
been the suspension, from 2018 through 2025, of the itemized deduction for
miscellaneous itemized deductions subject to the 2% limit. This category
included virtually all unreimbursed work-related expenses (travel, tools and
supplies, uniforms, etc.) for W-2 wage earners. Also eliminated are tax return
preparation fees, investment advisory fees, union dues, home office expenses,
etc.
Almost all of the
work-related expenses list above are still deductible on Schedule C for
self-employed persons, be they sole proprietors or independent contractors.