Look for Tax Savings in Miscellaneous Deductions

tax deductions 2

Certain miscellaneous expenses you pay during the year may be tax-deductible.  Our Bergen County CPA office offers you insight to this.

Examples include fees you pay for tax advice and employee expenses such as union dues, tools needed for your job, certain work clothes and uniforms, and work-related travel. If you itemize, these deductions could lower your tax bill. Most miscellaneous deductions can only be deducted if their total is more than two percent of your adjusted gross income. Other miscellaneous deductions are not subject to the two percent limit. Some examples: certain casualty and theft losses and gambling losses.

We cater to Bergen County CPA tax preparation in New Jersey since we are a Bergen County accountant firm. For more information, contact our office.  For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

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