Author Box
Articles Categories
All Categories
Articles Resources

Seven Types Of Employee Expenses That May Be Deductible - Save Some Tax Dollars

May 31, 2011 | Comments: 0 | Views: 139

Many employees today are using their own resources to provide certain miscellaneous items that help their employer's business run more efficiently. Unfortunately these expenses are not being reimbursed or employees are afraid to ask for reimbursement. The good news is that the IRS may allow you to get some tax relief in these circumstances.

If you find that you are spending your own money at business related functions, home-work activities or multiple job sites, then you may be entitled to request a company reimbursement or claim a tax deduction for your un-reimbursed expenses. Here are some of the most common costs that employees may be able to deduct if not reimbursed.

1. Business Miles: If you use your own vehicle for any business purposes, keep track of you mileage, you may be able to deduct them at 51 cents per mile (2011 figure). If you travel between job sites during the day, make bank deposits, deliver packages or materials or drive as an outside sales person, your miles can add up to a large tax savings.

2. Travel Expenses: If you are required to travel overnight for any business related purpose without being reimbursed, your costs are deductible. Conferences, continuing education trips, off site training programs or whatever other business related trip costs are deductible. Make sure to keep receipts and a log book.

3. Parking and Tolls: If you are paying tolls or even certain parking fees as part of your work, you may be able to deduct them. Daily commuting tolls are not deductible, but any other tolls are. If you work in a downtown area and your employer does not provide on-site parking, your parking fees for off-site parking may be deductible. Keep your receipts and let your tax adviser know.

4. Uniforms: Uniforms are often overlooked. Whether it is nurse uniforms or steel-toed work boots, they are a job requirement. While some employers provide them, many others do not. If you find that you are purchasing clothing items that are used exclusively at your job and would not be used for everyday wear, they are probably deductible expenses.

5. Association Dues: Any fees or dues that you pay as part of your work relationship, are deductible. If you pay for notary public, professional association, re-certification, licensing or union dues, you can take a deduction for these items as well.

6. Meals and Entertainment: Many employees these days are being asked to work overtime, are "on call" or travel between job sites. If you incur meal costs during these special work events, keep receipts and take your deduction. If you entertain customers or clients during or after hours, your expenses are also deductible if they are not reimbursed.

7. Others: There are a few other expenses that can be deductible to an average employee. Certain business gifts, office supplies for a home office (if you do any work at home), job seeking expenses, software training or books may be deductible if you pay for them out of your own pocket. Keep track and ask your tax adviser if you are eligible.

Summary: Employees that incur expenses out of their own pocket may be entitled to an income tax deduction for these costs. But if you do not keep track of your expenses or ask your tax adviser, you will lose the savings. Most tax preparers and accountants are stressed during tax season and spend very little time asking questions about these expenses unless you offer the information. Don't lose out on your savings. It could be enough to pay for your tax preparation fees or even enough to fund an IRA. Either way... you win.

To discover additional financial and income tax strategies, check out my blog or download your FREE Wealth Expansion Kit by clicking here. The first step to creating wealth is knowing where you are and then charting a path that will enhance your financial strengths and correct your weaknesses.

Keith Maderer is a financial expert and has been a investment and tax adviser in the Western New York area for over 30 years. He is the owner of SENIOR Financial and Tax Associates and the founder of the Maderer Foundation, a private scholarship program.

Keith is also the author of "How To Get Your College Education For Less". Available on - ISBN No: 978-1-4538-2053-7.

You can get your FREE Wealth Expansion Kit, or check out his blog by visiting

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:










The 3 Month Payday Loans is most suitable options for the people who do not possess assets. There are a variety of loan options for the people who are willing to pledge assets against the cash

By: Cameron white l Finance > Personal Finance l July 09, 2013 lViews: 560

For many people, bankruptcy can make their world fall apart. The apparent loss of reputation coupled with the inability to take financial decisions can deter anyone from thinking clearly. But all is

By: noragwilt l Finance > Bankruptcy Lawyers l November 18, 2012 lViews: 303

If you are availing payday loans with monthly payments, it is easy for you to obtain quick money from online lending companies.By getting the best deals of loan, you can save money in terms of

By: Malen Cheks l Finance > Loans l November 16, 2012 lViews: 288

Loans online have become the popular source of income and people can make smart decision of taking it.Now, don’t go anywhere and sit in your home silently. Such deals would bring you money without

By: Marsh Jone l Finance > Loans l November 13, 2012 lViews: 288

Loans for the unemployed would let you feel comfortable with your unstable conditions due to jobless period.If you compare the rates of a few lenders, you would definitely get the suitable lender to

By: kelse roy l Finance > Loans l November 13, 2012 lViews: 467

By taking cash advance for bad credit, it is easy for you to improve your credit status. This loan is useful to relieve financial stress. This loan is totally free from credit verification and

By: Honard Nork l Finance > Loans l November 09, 2012 lViews: 300

What are tax havens and what are they used for? Did you know that the UK is considered a tax haven? What sort of tax havens are there? What are the uses of the various types of tax havens?

By: Jason A Russelll Finance > Taxes Toolsl February 15, 2012 lViews: 236

What are Double Tax Treaties? What is the format of a tax treaty and what aspects are covered in them? What are tax treaties used for and most importantly how can they benefit you in reducing or even

By: Jason A Russelll Finance > Taxes Toolsl February 11, 2012 lViews: 167

Government agencies are typically run one of two ways: the old way or the new way. If you're seeing too much inefficiency from employees, it could be time to introduce tax collection software.

By: Anna Woodwardl Finance > Taxes Toolsl January 25, 2012 lViews: 230

What are Tax Havens? How can Tax Havens be used to avoid all forms of taxes in the UK? There are some basic rules when selecting an appropriate Tax Haven and the main ones are covered in this

By: Jason A Russelll Finance > Taxes Toolsl January 08, 2012 lViews: 201

This article looks at the current methods used by specialist solicitors and tax planners to avoid stamp duty on the purchase of residential and commercial properties in the UK. Read this article to

By: Jason A Russelll Finance > Taxes Toolsl January 03, 2012 lViews: 194

What is Capital Gains tax? When are you liable to pay CGT? What are personal allowances and how do they work? How do you avoid or totally eliminate Capital Gains Tax? The answers to these questions

By: Jason A Russelll Finance > Taxes Toolsl January 01, 2012 lViews: 182

So you would like to retire... but don't feel that you're able to at the present time. For most people, a successful retirement requires advance planning, good life choices and careful thought about

By: Keith Madererl Investing > Retirement Planningl February 20, 2012 lViews: 133

A growing number of individuals and businesses are accumulating sizable digital estates. Participation in Facebook, Twitter, YouTube, your own Blogs and Websites, even email all create digital

By: Keith Madererl Finance > Estate Plan Trustsl January 22, 2012 lViews: 154

Umbrella policies are an extra policy that covers over and above your homeowner and/or automobile insurance coverages. But some people think that they are all risk and all peril policies that cover

By: Keith Madererl Insurance > Umbrellal August 30, 2011 lViews: 171

A good income tax adviser can save you a lot more than they will charge for the preparation of your tax forms. But you need to find one that is willing to listen to your thoughts and offer ideas that

By: Keith Madererl Finance > Taxes Toolsl August 29, 2011 lViews: 171

Umbrella policies can be a great addition to your protection package, but make sure that you know what they will and will NOT cover. Just because you purchase the excess liability policy, doesn't

By: Keith Madererl Insurance > Umbrellal June 21, 2011 lViews: 169

Have you ever wondered if you might need an umbrella policy? What is an umbrella policy designed to protect? What factors should I consider before buying one? The answers to these questions and more

By: Keith Madererl Insurance > Umbrellal June 01, 2011 lViews: 171

Discuss this Article

comments powered by Disqus