TAX TIME IS ALL THE TIME®  is a registered trademark of Sidney M. Schuchman, CPA © 2019

Miscellaneous Deductions Suspended Beginning January 1, 2018

October 1, 2018

Miscellaneous deductions subject to the 2% floor of Adjusted Gross Income are now suspended

and not deductible.  These include tax preparation fees, legal fees, safe deposit box fees, investment fees and convenience fees for using a credit or debit card to pay your taxes. 

 

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Tax Tip of the Month

Tax Tip of the Month