J.K. Lasser's 1001 Deductions and Tax Breaks 2022, 2nd Edition

CHAPTER 13Your Job

1. Educator Expenses
2. Prizes and Awards
3. Performing Artists
4. State or Local Government Officials Paid on a Fee Basis
5. Repayment of Supplemental Unemployment Benefits
6. Jury Duty Pay Turned Over to Your Employer
7. Impairment‐Related Expenses
8. Military Benefits
9. Contributions to State Benefit Programs
10. Dependent Care Assistance
11. Fringe Benefits
12. Income Earned Abroad

Your job not only is what occupies the majority of your time during the greater part of each week and, hopefully, provides satisfaction; it also gives you a paycheck and perhaps other benefits. While your earnings are taxable in most cases, some of the fringe benefits may be tax free.

In order to earn that paycheck, you may have to expend your own dollars on various things. Unfortunately, for 2018 through 2025, you cannot deduct most of your unreimbursed employee business expenses (unless you are a performing artist with certain income, a reservist, a state or local government official paid on a fee basis, or have impairment‐related work expenses). You may want to talk with your employer about covering some or all of your job‐related expenses (e.g., driving your car on company business). If your employer sets up an “accountable plan” for reimbursing your business expenses, you aren't taxed on the reimbursements (your employer gets to deduct the costs, and the reimbursements aren't subject to employment taxes).

For more information, see IRS Publication 3, Armed Forces' Tax Guide; IRS Publication 535, Business ...