Tax Tip

Weekly tax tip from www.kentwmeyerlaw.com

While most business expenses are typically deductible as
deductions for Adjusted Gross Income, employee
business expenses are deductible as miscellaneous itemized deductions,
Expenses that qualify include those that are appropriate and helpful for the
employee’s work such as the cost of professional dues, uniforms (unless
suitable as normal attire) and subscriptions to publications related to
employment (i.e., Wall Street Journal, Medical Magazines, Investor’s Business
Daily), cost of job hunting qualify if the job is in the employee’s current
trade or business, the cost of education if it serves to maintain or improve
the employee’s skill in the business.