Miscellaneous Deductions to Claim on a Tax Return
What Are Miscellaneous Deductions?
Miscellaneous deductions are all the deductions that don’t fit into other categories of the tax code. There are two types of miscellaneous deductions, deductions subject to the 2% limit and those that are not. The 2% limit allows you to deduct only the amount of expense that is over 2% of your adjusted gross income.
What Are the Miscellaneous Deductions Subject to the Two Percent Limit?
Miscellaneous deductions subject to the 2% limit fall into the following three categories:
What Are Unreimbursed Employee Expenses?
Unreimbursed employee expenses income:
- Business bad debt of an employee
- Business liability insurance premiums
- Damages paid an employer for breach of an employment contract
- Depreciation of a cell phone or computer that your employer requires you to use with your work
- Dues to a chamber of commerce if membership helps you do your job
- Dues to professional societies
- Educator expenses (above any amount you can deduct as an adjustment to income)
- Home office or part of your home used regularly and exclusively in your work
- Job search expenses in your present occupation
- Laboratory breakage fees
- Legal fees related to your job
- Licenses and regulatory fees
- Malpractice insurance premiums
- Medical examinations required by an employer
- Occupational taxes
- Passport for a business trip
- Repayment of an income aid payment received under an employer’s plan
- Research expenses of a college professor
- Rural mail carrier's vehicle expenses
Can I Deduct Tax Return Preparation Fees?
You can deduct tax return preparation expenses accrued in the year that you pay them, such as software or filing charges. However, you cannot deduct the convenience charge for paying your tax by credit card.
What Other Expenses Can I Claim as Miscellaneous Deductions?
Other expenses you can claim as miscellaneous deductions include:
- Appraisal fees
- Casualty and theft losses
- Clerical help and office rent
- Depreciation on home computer
- Excess deductions of an estate
- Fees to collect interest and dividends
- Hobby expenses
- Indirect deductions of pass-through entities
- Investment fees and expenses
- Legal fees related to producing taxable income
- Loss on deposits in an insolvent or bankrupt financial institution
- Loss on traditional IRA’s or Roth IRA’s
- Repayments of income
- Repayments of Social Security benefits
- Safe deposit box rental
- Service charges on dividend reinvestment plans
- State and local taxes
- Tax advice fees
- Trustee's fees for your IRA
What Miscellaneous Tax Deductions Are Not Subject to the Two Percent Limit?
Miscellaneous tax deductions that are not subject to the 2% limit include:
- Amortizable premium on taxable bonds
- Casualty and theft losses form income-producing property
- Federal estate tax on income in respect of a decedent
- Gambling losses up to the amount of gambling winnings
- Impairment-related work expenses of persons with disabilities
- Repayments of more than $3,000 under a claim of right
- Unrecovered investment in an annuity
Where Can I Find More Information on Miscellaneous and Other Tax Deductions?
Additional details about miscellaneous deductions.
See what other tax deductions you may qualify to claim on your tax return.