Miscellaneous Tax Deductions

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Miscellaneous Tax Deductions

Important: All miscellaneous deductions subject to 2% of your AGI are eliminated for Tax Years 2018-2025. We will keep this information for 2017 and earlier Tax Returns, as well as for 2026 and later Tax Returns.

For Tax Years prior to 2018, you can only claim miscellaneous deductions on your tax return if you itemize. This occurs when the total of your itemized deductions is greater than your standard deduction and you file a Schedule A reporting the itemized deduction amount. Your standard deduction is a fixed amount you can deduct based on your tax return filing status. The easiest and most accurate way to find out what deductions you can claim on your tax return is to start a free tax return on eFile.com. Based on your answers to the tax questions, we will determine what deductions you might qualify for. We will also determine what is most tax advantageous to you, whether to itemize or use the standard deduction, so that you don’t have to worry about which one to use.

Miscellaneous deductions are deductions that do not fit into other categories of the tax code. There are two types of miscellaneous deductions:

1) Deductions subject to the 2% limit – These deductions allow you to deduct only the amount of expense that is over 2% of your Adjusted Gross Income, or AGI.

Miscellaneous deductions subject to the 2% limit fall into the following three categories:

2) Deductions NOT Subject to the Two Percent Limit

Miscellaneous tax deductions that are not subject to the 2% limit include: 

For more information on miscellaneous and other tax deductions, read additional details in IRS Publication 529 – Miscellaneous Deductions.

See what other tax deductions you might qualify to claim on your tax return.

Research & References of Miscellaneous Tax Deductions|A&C Accounting And Tax Services
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