The National Directory of Certified Public Accountants

Ask A CPA - Can I Deduct...?

Common Miscellaneous Deductions Subject To The 2% AGI

Common deductions subject to the 2% AGI limitation are: Employee business expenses including travel, 50% of meals & entertainment, phone, small tools, supplies, professional subscriptions and books, depreciation on business use of auto's and equipment, small tools Safety equipment such as hard hats, gloves, steel tipped boots, gogles, Educational expenses not claimed as a credit Tax preparation and tax assistance fees Union and professional dues Job hunting Tax preparation and tax assistance fees Educational expenses not claimed as a credit Seminar and Conferences that are business related Appraisal fees on charitable donations Credit card convenience fee for maintaining investments Investment expenses SEP,Simple,IRA custodial fees paid with funds outside the account Legal fees for collecting taxable income Loss on deposits in a bankrupt financial institution Medical exams required by employers Safe deposit box fees Trust administration fees Uniform purchase and maintenance if required and not suitable for street wear Home office deductions

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