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Does anyone here deduct job expenses off fed. taxes
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<blockquote data-quote="I GOT ONE MORE" data-source="post: 894957" data-attributes="member: 5997"><p>2% confirmed, not 2.5 that I previously posted.</p><p></p><p>Doing your own taxes takes effort, but it makes you smarter and more self aware.</p><p></p><p>BTW, you have to be careful when deducting refinance points.</p><p></p><p>An original home mortgage you can deduct 100% of the points, on a refinance you must prorate your deduction over the life of the loan.</p><p></p><p>However, if part of the refinanced mortgage money was used to finance improvements to your home and if you meet certain other requirements, the points associated with your home improvements may be fully deductible in the year you paid the points. Also, if you are refinancing a mortgage for a second time, the balance of points paid for the first refinanced mortgage may be fully deductible at pay off.</p></blockquote><p></p>
[QUOTE="I GOT ONE MORE, post: 894957, member: 5997"] 2% confirmed, not 2.5 that I previously posted. Doing your own taxes takes effort, but it makes you smarter and more self aware. BTW, you have to be careful when deducting refinance points. An original home mortgage you can deduct 100% of the points, on a refinance you must prorate your deduction over the life of the loan. However, if part of the refinanced mortgage money was used to finance improvements to your home and if you meet certain other requirements, the points associated with your home improvements may be fully deductible in the year you paid the points. Also, if you are refinancing a mortgage for a second time, the balance of points paid for the first refinanced mortgage may be fully deductible at pay off. [/QUOTE]
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Does anyone here deduct job expenses off fed. taxes
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