Whats included in miscellaneous itemized deductions?
• Unreimbursed business expenses, such as business travel costs, 50 percent of business meal and entertainment expenses and dues to union or professional organizations • Investment-related expenses, such as safety deposit box rental fees or fees paid to a financial planner • Tax preparation and planning fees Keep in mind, however, you can only deduct those miscellaneous expenses that exceed, in total, two percent of your adjusted gross income. For an explanation of deductible and non-deductible miscellaneous expenses, reference Publication 529.
• Unreimbursed business expenses, such as business travel costs, 50 percent of business meal and entertainment expenses and dues to union or professional organizations • Investment-related expenses, such as safety deposit box rental fees or fees paid to a financial planner • Tax preparation and planning fees Keep in mind, however, you can only deduct those miscellaneous expenses that exceed, in total, two percent of your adjusted gross income. For an explanation of deductible and non-deductible miscellaneous expenses, reference Publication 526.
