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Unreimbursed Employee Expenses - Vehicle Expenses

qualifying unreimbursed employee vehicle expenses during the tax year, you can enter these under: Federal Section > Deductions > Enter Myself > Itemized Deductions > Job Related Travel Expenses (Form 2106) For further information on vehicle...

Unreimbursed Employee Expenses - What can be deducted?

unreimbursed employee job-specific expenses during the tax year, you can enter these under: Deductions > Itemized Deductions > Unreimbursed Employee Business Expense. If you did pay any qualifying unreimbursed employee...

Unreimbursed Employee Expenses - What CANNOT be deducted?

Commuting expenses. For additional information, please refer to IRS Form 2106. You can also view a list of Unreimbursed Employee Expenses that can be deducted if you click here...

W-2 - What is a Statutory Employee?

on the worker's Form W-2 whether the worker is classified as a statutory employee in box 13. Statutory employees report their wages, income, and allowable expenses on Schedule C ( or Schedule C-EZ ), along with filing federal Form 1040...

Deduction for Educator Expenses

If you do itemize your deductions, you cannot claim the same educator expenses as both a Deduction for Educator Expenses and as a deduction for Unreimbursed Employee Expenses. You can only list these expenses as a deduction in...

Illinois Household Employee Tax

If you withheld Illinois Income Tax from a household employee, you may use Form IL-1040, Individual Income Tax Return, to report any pay the tax withheld. Please see IL-1040, Line 22 instructions and Publication 121, Illinois Income Tax...

What are "Qualified Medical Expenses"?

Generally, qualified medical expenses for HSA purposes are unreimbursed medical expenses that could otherwise be deducted on Schedule A (Form 1040). However, you cannot treat insurance premiums as qualified medical expenses unless...

What is a SEP (Simplified Employee Pension Plan)?

Generally, you can deduct the contributions you make each year to each employee's SEP-IRA. If you are self-employed, you can deduct the contributions you make each year to your own SEP-IRA. A SEP is a written plan that allows you to make...

General Information about Educator Expenses

teacher, instructor, counselor, principal or aide. Qualifying Expenses: You may subtract up to $250 of qualified expenses when figuring your adjusted gross income. Qualified expenses are unreimbursed expenses you paid or incurred for...

Who qualifies to deduct educator expenses?

If you are an eligible educator, you can deduct up to $250 ($500 if married filing joint and both spouses are educators, but not more than $250 each) of any unreimbursed expenses [otherwise deductible as a trade or business expense] you...