Itemized/Standard Deduction

2018-Itemized deductions-Misc Deductions

Answer:

For tax years beginning after December 31, 2017 and before January 1, 2026 all miscellaneous itemized deductions that were previously subject to a 2% AGI limitation are suspended.

Among the items included in this elimination are:
All unreimbursed employee business expenses;
Union dues
Brokerage fees
All expenses related to tax return preparation;
Appraisal fees for charitable contributions;
Investment expenses.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Itemized/Standard Deduction Questions

View More Questions