TAX TIPS
Tax tips are not a substitute for legal, accounting, tax, investment, or other professional advice. Always consult with your trusted CPA before acting upon any tax tips.
If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses. You may benefit from this because a tax deduction normally reduces your federal income tax.
Here are some things you should know about miscellaneous deductions: Deductions Subject to the Two Percent Limit. You can deduct most miscellaneous expenses only if they exceed two percent of your adjusted gross income. These include expenses such as:
For more information regarding tax tips contact your trusted CPA or www.IRS.gov.
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