If your employer doesn’t reimburse you for out-of-pocket expenses related to your job, you may be able to deduct those costs on your tax return. But each occupation has different deductions that are eligible. For instance, teachers can deduct the cost of necessary classroom supplies they purchase for which they are not repaid, while telecommuting employees may be able to deduct expenses related to maintaining a home office.
In general, as you consider what occupational deductions apply to you, look at the following:
- Supplies you need to complete your job
- Dues paid to professional organizations
- Travel expenses for business trips
- Continuing education costs
- Communications expenses, such as business-only cell phones
Whether you’re a sales rep, a medical professional, or a member of the clergy, chances are that there are some things you’re paying for that your employer doesn’t cover. Price Advantage Accounting will be happy to discuss your occupational deductions with you. We’re Orlando’s best choice for knowledgeable tax help, and we assist both individual taxpayers and business entities with tough tax problems. Call or e-mail us today to get more information!