Tax Tip 2020-155: Here’s who qualifies for the employee business expense deduction

IRS Tax Tips November 16, 2020
Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News IRS Resources Compliance & Enforcement News Contact Your Local IRS Office Filing Your Taxes Forms & Instructions Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media	Issue Number: Tax Tip 2020-155 Here's who qualifies for the employee business expense deduction Employee business expenses can be deducted as an adjustment to income only for specific employment categories and eligible educators. Taxpayers can no longer claim unreimbursed employee expenses as miscellaneous itemized deductions, unless they are a qualified employee or an eligible educator. They must complete Form 2106, Employee Business Expenses to take the deduction. If someone falls into one of these employment categories, they are considered a qualified employee: Armed Forces reservists Qualified performing artists Fee-basis state or local government officials Employees with impairment-related work expenses No other type of employee is eligible to claim a deduction for unreimbursed employee expenses. Here's what makes something a qualified expense: Paid or billed during the tax year For carrying on a trade or business of being an employee, and Ordinary and necessary Taxpayers should know there are nondeductible expenses. There is a full list of nondeductible expenses in Publication 529, Miscellaneous Deductions. More Information: IRS updates guidance for deductible business expenses Share this tip on social media -- #IRSTaxTip:Tax Tip 2020-155: Here's who qualifies for the employee business expense deduction. https://go.usa.gov/x7UUq   Back to Top         Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

 

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