7 Useful Tax Deductions That Will Disappear in 2018

Miscellaneous itemized deductions

One of the miscellaneous itemized deductions now includes unreimbursed work expenses, which is yet another change implied by the new law.

Here are other miscellaneous itemized deductions taxpayers should know of:

• tax preparation services costs
• investment fees
• professional dues
• multiple approved items depending on their type

In order for miscellaneous expenses to be deductible, they must exceed 2% of a person’s gross income.

‘Keep in mind that the unreimbursed qualified employee education expenses deduction is also gone!’ – Robert Duquette, accounting department professor at Lehigh University