Solved
I was unemplyed for 6 months last year. What expensess can I deduct from my earnings? I leased a car when I was working.
Can I deduct the lease payment and mileage of my car when I was looking for a job for 6 months last year?
Due to the new tax law change the Tax Cuts and Jobs Act, ( TCJA), for 2018 through 2025, Congress suspends all miscellaneous itemized deductions ( Form 2106) that are subject to the 2 percent of adjusted gross income floor. This change affects un-reimbursed employee expenses such as job search, job-related travels, uniforms, union dues and the deduction for business-related meals and entertainment. You will not be able to deduct any unreimbursed employee expenses on your 2019 tax return.
[Edited 4/3/2020 | 3:51 PM]
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