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Miscellaneous Un-Reimbursed Deductions

Updated: Apr 14, 2020

If you’ve been deducting unreimbursed, employee business expenses, such as union dues, business driving, and job-hunting expenses, you’re now out of luck. No deduction is allowed for miscellaneous itemized deductions that were subject to a 2% of adjusted gross income (AGI) floor. One hopes, your employer has or will adopt an accountable plan to reimburse you for business expenses; you won’t be taxed on this reimbursement.

In the same vein, investment expenses, such as safe deposit box rentals and investment advisory fees, are no longer deductible. They too had been miscellaneous itemized deductions subject to the 2%-of-AGI floor. One job-related deduction was saved: The deduction of up to $250 for teachers who buy school supplies for their classroom remains.

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