Tax reform and deductions for workers
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated the ability for workers to deduct unreimbursed job-related expenses from their Adjusted Gross Income (AGI).
Qualified Business Income deduction
The TCJA added a new Qualified Business Income (QBI) deduction. If you’re self-employed or a small business owner, you may be eligible for a deduction of 20% of eligible income before taxes. The deduction is available to taxpayers whose taxable income (AGI) is below $163,300, or whose joint taxable income is less than $326,600. QBI includes income from a trade or business, like rideshare driving, e-commerce or online retail, consulting, or reselling income. It does not include wages earned as an employee or business-generated capital gains, interest, and dividend income.
If you are self-employed you may still claim job-specific deductions.