Tax Tip of the Day – Claim Unreimbursed Employer Business Expenses
Do you incur any unreimbursed business expenses from your employer? Expenses could include travel, attending conferences, using your cell phone or automobile mileage. Any amount you spend on unreimbursed employer business expenses above 2% of your adjusted gross income is deductible on your Schedule A itemized deductions form. You may also be able to deduct a home office expense as well on form 8829, but be careful about this one!
Stuart Steinberg, CPA, MBA has owned a strategic tax planning practice on the North Shore for 23 years. Please feel free to contact him anytime and let Erock Tax take care of you!