Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jan 26, 2022 10:10:53 AM

Tool Box

I bought a 10,000 tool box for work. CanI put that on my taxes. If so how do I do it and what documentation would i need to provide? Thank you. 

0 2 352
2 Replies
Expert Alumni
Jan 26, 2022 1:14:31 PM

It depends on if you are a private contractor or an employee. 

 

As a private contractor, you can deduct the toolbox and other expenses against your business.  

 

As of the 2018 tax year, business expenses for wage or W-2 workers are no longer deductible on federal returns.    

Level 15
Jan 26, 2022 1:15:10 PM

These items are no longer deductible on your federal return.

 

Employee job related expenses

 

However, if your state allows you to itemize, you may be able to claim a deduction on the state return. 

 

Enter all of your information in the federal section to ensure it gets pulled into your state return. 

  1. Go to the Federal section of the program
  2. Go to Deductions & Credits 
  3. Under All breaks, select Employment Expenses 
  4. Select Job Expenses for W-2 Income 
  5. On the next page, you should see a page titled Review your job-related expenses info.
  6. Review your input if needed.