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Can I deduct the cost of my physical therapy license renewal or the cost to obtain a license in a new state?
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posted
May 31, 2019
7:14 PM
last updated
May 31, 2019
7:14 PM
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Can I deduct the cost of my physical therapy license renewal or the cost to obtain a license in a new state?
Are you employed or self employed as a physical therapist?
May 31, 2019
7:14 PM
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Can I deduct the cost of my physical therapy license renewal or the cost to obtain a license in a new state?
I am not self employed - I work for someone else
May 31, 2019
7:14 PM
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Can I deduct the cost of my physical therapy license renewal or the cost to obtain a license in a new state?
You can deduct the cost of a state license as an unreimbursed business expense under itemized deductions subject to the 2% limitation. To get any tax benefit, the total of all unreimbursed business expenses must exceed 2% of your adjusted gross income.
May 31, 2019
7:14 PM
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Can I deduct the cost of my physical therapy license renewal or the cost to obtain a license in a new state?
@njmck777. This is a two year old question. Changes in the tax law no longer allow for deductions subject to the 2% limitation.
May 31, 2019
7:14 PM
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