Deducting Un-Reimbursed Professional Expenses

According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.  The IRS defines “ordinary” as common and accepted in a particular profession and “necessary” as helpful and appropriate for a particular profession.

Employees may not deduct professional expenses that are eligible for reimbursement from their employer.

Do You Know the 16 Expenses Commonly Incurred by Healthcare Professionals:

  • Automobile expenses
  • Beepers and pagers
  • Books and library
  • Cellular phones
  • Computer purchases
  • Dues and subscriptions
  • Education and exams
  • Equipment and instruments
  • Job search
  • Licenses
  • Malpractice insurance
  • Meals and entertainment
  • Parking and tolls
  • Supplies
  • Travel and lodging
  • Uniforms and cleaning
Posted in 2015 Year End Newsletter

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