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Nov 16, 2020Teaching Expenses
In order to deduct your teaching expenses, you must be an eligible K-12 educator. You must also teach at least 900 hours in a school year. Here are some examples of professions that count: Principal Counselor Instructor Teacher Teacher’s Aide When filing your tax return, you can deduct up to $250. If you’re married filing […]
adminNov 16, 2020Unreimbursed Job Expenses
If you have out-of-pocket job expenses, you can do so on your tax return. This will be located on Form 2106. However, prior to tax year 2018, taxpayers can deduct unreimbursed expenses that exceed 2% of their adjusted gross income. This is located on Schedule A for your itemized deductions. Due to the Tax Cuts […]
adminJun 28, 2018Employee Business Expenses – Form 2106
Form 2106 is currently used for employees to deduct employee business expenses as an Armed Forces reservist, a qualified performing artist, a fee-basis state or local government official, or an employee with impairment-related work expenses. Employees who do not fit into one of these categories may not use Form 2106 due to the suspension of this […]
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