Write-offs for W-2 employees
Varies
What Can W-2 Employees Write Off?
Short answer: Very few: W-2 employees can't deduct unreimbursed job expenses, but they can use the new tip, overtime, car loan interest, and senior deductions, plus HSA, IRA, and itemized deductions.
Educators, reservists, performing artists, and fee-based government officials have narrow exceptions.
Records to keep: Keep receipts, statements, and a simple log of business purpose; compare itemizing to the standard deduction each year.
Write-offs for W-2 employees
Varies
Individuals / Personal Taxes
Very few: W-2 employees can't deduct unreimbursed job expenses, but they can use the new tip, overtime, car loan interest, and senior deductions, plus HSA, IRA, and itemized deductions.
Business justification
Very few: W-2 employees can't deduct unreimbursed job expenses, but they can use the new tip, overtime, car loan interest, and senior deductions, plus HSA, IRA, and itemized deductions. Educators, reservists, performing artists, and fee-based government officials have narrow exceptions.
Category
- Write-Off Guides