GONE: Unreimbursed expenses deduction for employees

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If you’re an employee who has deducted unreimbursed job expenses in the past, know that this deduction is now no longer available under the Tax Cuts and Jobs Act. Part of the we give you a little and take away more part of this crazy tax legislation.

However, employers can consider reimbursing employees directly for the cost of expenses like tools, uniforms, travel or continuing education. Employers can still deduct those expenses on their business returns. Ask your employer about reimbursement. You will need to reconsider your situation with your employer who previously wanted you to cover expenses yourself for a home office, new computer equipment, and other expenses. You will not get to deduct any of it in 2018. Some of you will need to renegotiate your employment agreement in order to have your employer cover more of these expenses if they agree with you that they are necessary for your job description.

If you’re an employee who has deducted unreimbursed job expenses in the past, know that this deduction is now no longer available under the Tax Cuts and Jobs Act. However, employers can consider reimbursing employees directly for the cost of expenses like tools, uniforms, travel or continuing education. Employers can still deduct those expenses on their business returns. Ask your employer about reimbursement.

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