For years, I have been sharing with my fellow Adjuncts a tip my tax preparer taught me long ago. When we travel from school to school on the same day, as freeway flyers, this mileage has been a deduction as a Business Expense, if you itemized deductions. Under President Trump’s Tax Reform, this deduction, among others, has been eliminated for 2018 taxes.
From the article: “You Can Kiss These 5 Tax Breaks Goodbye”
3. For 2018, however, there are no personal exemptions. Tax reform suspended them, basically meaning it made them temporarily unavailable.
Specifically, personal exemptions and many other tax breaks that were suspended by the Tax Cuts and Jobs Act will be unavailable for tax years 2018 through 2025.
4. Job-related expenses
Previously, folks who itemized their tax deductions could write off what the IRS refers to as miscellaneous deductions to the extent that they exceeded 2 percent of such taxpayers’ taxable income. But miscellaneous deductions are among those that have been suspended.
Miscellaneous deductions include unreimbursed employee expenses, such as:
Uniforms
Union dues
Business-related meals
Business-related entertainment
Business-related travel
So, if you paid for such expenses out of your own pocket in 2018 and were not reimbursed for them by your employer, you cannot write them off on your next tax return.
For more information, go to this article: https://www.yahoo.com/finance/news/kiss-5-tax-breaks-goodbye-160625874.html
Thank you for this information! Too bad about the union dues… maybe my ‘tax guy’ will find another “loop hole” 🙂