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