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ldusing89
New Member

When can i take a deduction? If i purchased equipment I need for my job Jan 2018, can I deduct on my taxes for 2017 or do I need to wait for 2018?

 
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When can i take a deduction? If i purchased equipment I need for my job Jan 2018, can I deduct on my taxes for 2017 or do I need to wait for 2018?

You cannot use a 2018 purchase on your 2017 tax return.  If it is deductible (????) you would use it on your 2018 return that you prepare in 2019.  Note that for 2018 returns and thereafter, for W-2 employees the job-related expense deduction is gone.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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3 Replies

When can i take a deduction? If i purchased equipment I need for my job Jan 2018, can I deduct on my taxes for 2017 or do I need to wait for 2018?

You cannot use a 2018 purchase on your 2017 tax return.  If it is deductible (????) you would use it on your 2018 return that you prepare in 2019.  Note that for 2018 returns and thereafter, for W-2 employees the job-related expense deduction is gone.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
ldusing89
New Member

When can i take a deduction? If i purchased equipment I need for my job Jan 2018, can I deduct on my taxes for 2017 or do I need to wait for 2018?

Does that include traveling expenses? Is traveling expenses for a W2 employee also gone?

When can i take a deduction? If i purchased equipment I need for my job Jan 2018, can I deduct on my taxes for 2017 or do I need to wait for 2018?

Job-Related expenses that had to get to the 2% of AGI threshold to be a deduction are gone for 2018 and beyond.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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