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arshep1
New Member

I am confused as to whether or not I can deduct any expenses related to work if am a W-2 employee. Can you please advise me as to what can be deducted

I would like to know if I can deduct any business related business if I am a W-2 employee for 2018.  If so, what are those specific deductions?

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MinhT
Expert Alumni

I am confused as to whether or not I can deduct any expenses related to work if am a W-2 employee. Can you please advise me as to what can be deducted

Up to tax year 2017, job-related expenses as an employee were deductible as an itemized deduction subject to the 2% of AGI floor.

Under the Tax Cuts and Jobs Act, the itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.

Therefore, your job-related expenses are no longer deductible for tax year 2018.

 


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1 Reply
MinhT
Expert Alumni

I am confused as to whether or not I can deduct any expenses related to work if am a W-2 employee. Can you please advise me as to what can be deducted

Up to tax year 2017, job-related expenses as an employee were deductible as an itemized deduction subject to the 2% of AGI floor.

Under the Tax Cuts and Jobs Act, the itemized deductions for job-related expenses subject to the 2% of AGI floor are suspended for expenses incurred after December 31, 2017 through 2025.

Therefore, your job-related expenses are no longer deductible for tax year 2018.

 


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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