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This page last updated on
February 5, 2010

Miscellaneous Itemized Deductions
Did You Pay Any of These Often Overlooked Deductible Expenses?

 

Miscellaneous itemized deductions are often the most difficult to remember at tax time. Plus, in most cases, only your miscellaneous deductions that exceed two percent of your adjusted gross income are deductible. Did you incur any of the following expenses during the tax year?

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Depreciation on a self-owned computer or cell phone required to do your job.

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Dues to chambers of commerce, professional societies, and unions.

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Education that is employment-related.

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Home office or part of your home used regularly and exclusively in your work.

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Job-search expenses in your present occupation.

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Legal fees related to doing or keeping your job, and protecting or collecting taxable income.

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Licenses and regulatory fees, as well as occupational taxes.

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Malpractice insurance premiums.

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Medical examinations required by an employer.

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Passport for a business trip.

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Subscriptions to professional journals and trade magazines related to your work.

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Tools, supplies, and safety equipment used in your work.

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Travel, transportation, entertainment, and gift expenses related to your work.

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Work clothes and uniforms and their upkeep costs.

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Tax preparation fees.

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Safe deposit box.


If you incurred any of these expenses, be sure to notify your tax professional so he or she can determine if they are deductible. Once you get past the two-percent limit, these deductions can really add up!


 

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