Benefit from Expiring Tax Breaks
If you moved away to another city or state in 107, you can actually write off 17 cents/mile for driving your own car. Furthermore, any expenses related to jobs that exceed 2% of your adjusted gross income are deductible too.
The same goes for tax-preparation fees and itemized deductions caused by natural disasters, theft or other accidents that weren’t reimbursed by insurance. While the new tax law preserves the casualty (as well as theft-loss deductions), it’s only viable for federally declared disaster areas.
