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bholinb
New Member

I posted approx $29,000 in job related expenses but it did not reduce the amount of estimated federal tax due. For example, it said i owed $4,211 and after i entered the $29,000 of job expenses it said i owed the same amount. how is this possible?

 
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1 Reply
AnnetteB
Intuit Alumni

I posted approx $29,000 in job related expenses but it did not reduce the amount of estimated federal tax due. For example, it said i owed $4,211 and after i entered the $29,000 of job expenses it said i owed the same amount. how is this possible?

If entering your employee business expenses on Form 2106 did not affect your balance due amount, then the most likely reason is you are either using the standard deduction (instead of itemized deductions on Schedule A), or your miscellaneous itemized deductions (which includes employee business expenses) did not exceed 2% of your Adjusted Gross Income (AGI). 

To verify whether you used the standard deduction or itemized deductions, take a look at line 40 of your Form 1040.  The standard deduction amounts would be $6300, $12,600, or $9300 depending on your filing status. 

If you used itemized deductions, there will be a Schedule A included as part of your return.  Expenses from Form 2106 will be shown on line 21 of Schedule A, with the deductible amount shown on line 27. 

After your filing fees have been paid you will be able to preview your entire return to verify some of the entries and determine what is happening with employee business expenses.  Until then, you can preview your Form 1040 to see if you are using the standard deduction or itemized deductions.

In order to preview your Form 1040, take the following steps:

  • Click My Account at the top of your screen

  • Click Tools

  • On the Tools Center page, below “Other helpful links…”, click View Tax Summary

  • Click Preview My 1040 shown at the top of your screen

  • Use the Back choice at the top of the screen to return to your tax return


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