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Does anyone here deduct job expenses off fed. taxes
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 894830" data-attributes="member: 12570"><p>I think the last time that I used the standard deduction was when I was in the military. </p><p></p><p>I had $15,151 in itemized deductions in 2010. The bulk of these were mortgage interest, property taxes, points (I refinanced), state income taxes, student loan interest and charitable donations, which are all not affected by the 2% rule. I also deducted unreimbursed job expenses, tax preparation and legal expenses, which are subject to the 2% rule and lowered the $2,064 to $760. </p><p></p><p>There is not a lot of support here for United Way but I love UW when it comes to tax time as I get back about 25% of whatever I donate. The charity gets the full amount of my donation and I get a larger refund.</p><p></p><p>With the tax software on the market, if your tax situation is fairly simple there is no need to use a CPA.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 894830, member: 12570"] I think the last time that I used the standard deduction was when I was in the military. I had $15,151 in itemized deductions in 2010. The bulk of these were mortgage interest, property taxes, points (I refinanced), state income taxes, student loan interest and charitable donations, which are all not affected by the 2% rule. I also deducted unreimbursed job expenses, tax preparation and legal expenses, which are subject to the 2% rule and lowered the $2,064 to $760. There is not a lot of support here for United Way but I love UW when it comes to tax time as I get back about 25% of whatever I donate. The charity gets the full amount of my donation and I get a larger refund. With the tax software on the market, if your tax situation is fairly simple there is no need to use a CPA. [/QUOTE]
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Does anyone here deduct job expenses off fed. taxes
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