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Did you know?

Tax Update - 2106 Un-reimbursed Employee Expenses

11/27/2018

1 Comment

 
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Are you a truck driver who receives a W2, and received the per diem? Do you purchase uniforms or work boots? Are you a mechanic who purchases their own tools? Are you a social worker who purchases things for the job? Are you a police officer whom purchase their own equipment? 
All of these are items in the past that have been used as a tax write off. However, in 2018 with the new tax reform these items have been eliminated. Most likely the hardest hit will be the truck drivers who receive a W2. In the past you have been able to use deductions and per diem for days out,  this year no deductions will be allowed. 
Another huge impact will be mileage being eliminated. This is for W2 filing tax payers only. Schedule C, will still be allowed these deductions. If you drive for work and are not reimbursed you will no longer be able to claim mileage for your tax return in 2018. If your employer has not already offered to provide you mileage or fuel reimbursement, this may be a discussion you want to initiate. 
Common deductions on the 2106, but not limited to are as follows:
Uniforms
Work shoes
Dry cleaning for professionals
Per diem and truck driving deductions
Tools
Police officer equipment
Mileage 
1 Comment
Pandorahermetica link
7/20/2023 12:15:01 am

This is a great bloog

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