tool deduction for the 2022 year

[ewoods8393]

I need some help here. I need to get my taxes files today and I have been trying for a week to find some info on how i can claim my tools purchased for work on my taxes as a deduction. I currently pay out $5800 a year for tools that I have had to purchase to do my job. My employerer doen not help in any way with this. I have been working as a technician buying tools for over 20 years and never claimed them. I am out on comp right now and if i dont find a way I will have to come up with 900 to pay the irs i dont have. PLEASE HELP!!

[xmasbaby0]

Are you a W-2 employee?

Sorry---W-2 employees cannot deduct job-related expenses on a federal return.  Job-related expenses were eliminated as a federal deduction for W-2 employees by the tax laws that changed for 2018 and beyond.  Your state tax laws might be different in AL, AR, CA, HI, MN, NY or PA.

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

If you are an independent contractor then your tool purchases can go on the Schedule C you complete for your business expenses.

[xmasbaby0]

 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

https://www.irs.gov/payments

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-mone... 

To apply for a payment plan with the IRS

Apply Online for a Payment Plan

You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-pay...

https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

[ewoods8393]

so i cant deduct the massive amounts of money that i have to spend each year out of pocket to but what i must have to do my job?

[xmasbaby0]

@ewoods8393 So sorry to bear bad news.....but the tax laws that changed for 2018 and beyond eliminated job-related expenses as a federal deduction for W-2 employees.

[ewoods8393]

How is this fair? So working in a shop for someone else and spending my own money to buy the tools that I must have to do the job cant be deducted? But the owner can deduct what he buys? I have no choice but to buy tools to keep up with the changing demands and more complex systems. I shouldnt have to eat that 100%

[ewoods8393]

I cant pay them money I do not have. A payment plan wont help either. I have no income. I was injured on the job January 2nd 2023

[ewoods8393]

I CANT PAY THEM. I DONT HAVE ANY INCOME!

[xmasbaby0]

So very sorry and sympathetic to your issue, but all we can do here is tell you what the tax laws are.  Hope you recover and do better soon.

[VolvoGirl]

I dont think you said.  Do you get a W2 or are you a 1099 independent contractor?  If you are a 1099 you file your income on Schedule C for self employment and can write off all your tools and expenses.  But you have to pay self employment tax.  

[ewoods8393]

So there is nothing I can do? Just owe the irs $900 and they will asses penalties and fees that I cant pay along with the $900? How is that fair? How is it fair that the employee that has to spend thier own money to buy tools for his job cant deduct them? Its ludacrus

[VolvoGirl]

Write you congressman.  Congress makes the rules.

[ewoods8393]

@VolvoGirl  I get a w2. But its quite unfair that the employer can claim a tv in the waiting area as a dection but an employee whos spent over 30,000 in less than 10 years is screwed

[ewoods8393]

@VolvoGirl our government does nothing for us except find more ways to tax us

[VolvoGirl]

Don't you have enough withholding taken out of your checks?  You need to give your employer a new W4 to have more taken out.  Did you get the EIC credit?