|
Can my union dues help lower my income tax at the end of the year? |
|
Taxpayers who incur certain expenses related to their employment are able to take a deduction at the end of the year. You will have to use Schedule A of Form 1040. These unreimbursed employee expenses can be deducted on your tax return, so long as they were paid or incurred during the tax year in question; are considered ordinary and necessary; and are required to perform your duties as an employee. Some of the additional expenses that you may be able deduct include dues to professional societies, tools that are used in your line of work, subscriptions to trade and professional literature, your work uniform (if its required by your employer and cannot be worn outside of work) and much more. Visit IRS Publication 529 for more information on the expenses that you can deduct. |
