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1 1 (May 17, 2019)

handle is hein.crs/govzsr0001 and id is 1 raw text is: Congressional _____ N esearch Service Informing the Iegislative debate since 1914 Unreimbursed Employee Job Expenses and the Suspension of the Miscellaneous Itemized Deduction May 17, 2019 Before the 2018 tax year, employees who incurred certain unreimbursed job-related expenses were allowed to claim a deduction for the amount of those expenses above 2% of a taxpayer's adjusted gross income (AGI), under Sections 62 and 67 of the federal tax code. (The deduction also applied to certain costs related to the production or collection of income, and to the management, conservation, or maintenance of property held for producing such income, but they are not addressed here.) Guidance issued by the Internal Revenue Service (IRS) for this itemized miscellaneous deduction identified the unreimbursed expenses that qualified for the deduction. They included * an employee's bad debt from a loss created or acquired in her/his trade or business; * premiums paid by an employee for insurance against personal liability for wrongful acts on the job; * damages paid to a former employer for breach of an employment contract; * depreciation for a computer used by an employee in her/his work for the convenience of their employer and because the job requires use of a computer; * dues paid to professional societies, local chambers of commerce, and similar organizations if membership helps an employee perform her/his job better; * ordinary and necessary classroom expenses (above $250 for a single filer and $500 for a joint filer) incurred by a kindergarten-through-grade- 12 teacher, instructor, counselor, principal, or aide; * home office expenses for the space in an employee's home used exclusively and regularly in his/her work, for the convenience of her/his employer; * certain expenses an employee incurs in searching for a new job in her/his current occupation; * license and regulatory fees paid to state or local governments for one's profession or business; Congressional Research Service https://crsreports.congress.gov IN11119 CRS INSIGHT Prepared for Members and Committees of Congress

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