My husband works as a consultant so he travels a lot. His jobs usually last 3-4 months, but his employer only pays for the first 2 weeks, the rest is on us. Can we write these expenses off on our taxes?
Yes, he can using Form 2106, which flows to your itemized deductions (assuming your qualify for itemization) although it is a misc. deduction which is subject to the 2% floor. There was a previous thread about this. You might want to use the search to find it since it was discussed in depth.
Dear Inquisitiveone,Yes, you can. However, these expenses are reported on Form 2106 Unreimbursed Employee Expenses. This is then put on your Schedule A under Miscellaneous Deductions subject to the 2% of Adjusted Gross Income rule. In other words, if you itemize and these expenses are more than 2% of the amount on the bottom of page 1 of your Form 1040, then you can deduct the expenses. If the expenses are less than 2% or you take the standard deduction, then you are out of luck.Good luck,bkcpa1
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