Tag Archives: employee business expenses

Employee Training Expenses

As an employee, you may require additional training, or be expected to participate in mandatory seminars. In some of these cases, you may acquire expenses that you have to pay. Thankfully, there’s a chance these expenses may qualify for a deduction at tax time. In order to be deducted, the expenses have to be related […]

Traveling for Deductions

Some businesses require employees to travel in order to perform their job effectively. Travel expenses can be deducted, provided they are both ordinary and necessary to the job, through Form 2106, Employee Business Expenses, or Form 2106-EZ Unreimbursed Employee Business Expenses, and Form 1040, Schedule A, Itemized Deductions. Travel expenses incurred for personal reasons or […]

If you happen to entertain your customers, employee or any others in your business you may be able to deduction expenses that are deemed ordinary and necessary for doing business. Expenses such as these may be deducted if they are related or associated with your business directly. Proof of the expense must be provided and […]

Are you wondering if you should take the standard deduction? If you’re single, you’re looking at $6,200. Married couples at twice that amount. Maybe you’re considering itemizing your deductions to get a bigger tax return. If you are, remember that you’ll need to have your receipts for all medical, tax, charitable contributions and other expenses. […]