Miscellaneous Expenses

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Itemized Deductions - Miscallaneous Expenses #1

Various expenses fall in the category of miscellaneous deductions. Job-hunting, job travel, union dues, tax preparation, and safety deposit box fees are all examples of miscellaneous deductions. If you itemize, you can deduct the amount of miscellaneous expenses that is over 2% of your adjusted gross income.

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Itemized Deductions - Miscallaneous Expenses #2

Various expenses fall in the category of miscellaneous deductions. Appraisal fees for casualties, theft losses, or charitable contributions, depreciation on home computers used for investments, and fees to collect taxable income are all types of miscellaneous deductions. If you can itemize, you can deduct the amount of miscellaneous expenses that is over 2% or your adjusted gross income.

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Itemized Deductions - Miscallaneous Expenses #3

Various expenses fall in the category of miscellaneous deductions. Hobby expenses, up to hobby income, can be taken as miscellaneous deductions. You may also deduct legal fees related to producing or collecting taxable income, doing or keeping your job, or to collect taxable alimony. If you can itemize, you can deduct the amount of miscellaneous expenses that is over 2% of your adjusted gross income.

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