Tax returnsPosted By Darian Rachal |
Maurice, I find it interesting that work related expenses would be eliminated. I'm assuming it's just certain types of work related expenses? It's my understanding that some people in NY and CA are going to be hit hard because they will not be able to deduct the high state taxes they've been paying.Originally Posted by Maurice Clark
Hi Darian,
Just to mention a few of those that are affecting me; the elimination of work related expenses, elimination of moving expenses when starting a new position, elimination of foreign real estate taxes.
For those who itemize deductions, these can add up to quite a bit of extra tax.
Maurice