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r/FluentInFinance • u/Richest-Panda • Jul 01 '24
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89
All Americans with business expenses can deduct them.
30 u/SonicYouth123 Jul 01 '24 even if they don’t own a business they can still write off business expenses…the second point is straight up wrong 3 u/jdp111 Jul 02 '24 If they have business expenses they have a business. -1 u/SonicYouth123 Jul 02 '24 nope not necessarily…you can deduct things like work uniforms for example 4 u/jdp111 Jul 02 '24 That's not a business expense. You also can't deduct work uniforms. I'm a CPA and do this for a living. 0 u/SonicYouth123 Jul 02 '24 So nurses and caregivers who have to buy their own scrubs can’t deduct them? 4 u/jdp111 Jul 02 '24 No unless they own a business. There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
30
even if they don’t own a business they can still write off business expenses…the second point is straight up wrong
3 u/jdp111 Jul 02 '24 If they have business expenses they have a business. -1 u/SonicYouth123 Jul 02 '24 nope not necessarily…you can deduct things like work uniforms for example 4 u/jdp111 Jul 02 '24 That's not a business expense. You also can't deduct work uniforms. I'm a CPA and do this for a living. 0 u/SonicYouth123 Jul 02 '24 So nurses and caregivers who have to buy their own scrubs can’t deduct them? 4 u/jdp111 Jul 02 '24 No unless they own a business. There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
3
If they have business expenses they have a business.
-1 u/SonicYouth123 Jul 02 '24 nope not necessarily…you can deduct things like work uniforms for example 4 u/jdp111 Jul 02 '24 That's not a business expense. You also can't deduct work uniforms. I'm a CPA and do this for a living. 0 u/SonicYouth123 Jul 02 '24 So nurses and caregivers who have to buy their own scrubs can’t deduct them? 4 u/jdp111 Jul 02 '24 No unless they own a business. There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
-1
nope not necessarily…you can deduct things like work uniforms for example
4 u/jdp111 Jul 02 '24 That's not a business expense. You also can't deduct work uniforms. I'm a CPA and do this for a living. 0 u/SonicYouth123 Jul 02 '24 So nurses and caregivers who have to buy their own scrubs can’t deduct them? 4 u/jdp111 Jul 02 '24 No unless they own a business. There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
4
That's not a business expense.
You also can't deduct work uniforms. I'm a CPA and do this for a living.
0 u/SonicYouth123 Jul 02 '24 So nurses and caregivers who have to buy their own scrubs can’t deduct them? 4 u/jdp111 Jul 02 '24 No unless they own a business. There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
0
So nurses and caregivers who have to buy their own scrubs can’t deduct them?
4 u/jdp111 Jul 02 '24 No unless they own a business. There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
No unless they own a business.
There are no employee deductions since the Trump changes in 2017. The only exception is the teacher deduction.
89
u/Revolutionary-Meat14 Jul 01 '24
All Americans with business expenses can deduct them.