Certain miscellaneous expenses you pay
during the year may be tax-deductible. Examples include fees you pay for tax
advice and employee expenses such as union dues, tools needed for your job,
certain work clothes and uniforms, and work-related travel. If you itemize,
these deductions could lower your tax bill. Most miscellaneous deductions can
only be deducted if their total is more than two percent of your adjusted gross
income. Other miscellaneous deductions are not subject to the two percent
limit. Some examples: certain casualty and theft losses and gambling losses.
For more information, contact our office.
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