Asked by Shalara Santana on Jun 03, 2024

verifed

Verified

Which of the following is deductible as a miscellaneous itemized deduction?

A) Job-hunting expenses.
B) Union dues.
C) Professional dues and subscriptions.
D) All of these are considered miscellaneous deductions.

Miscellaneous Deductions

Deductions that do not fit into standard categories on tax returns, often subject to limitations or thresholds before they can be claimed.

Job-Hunting Expenses

Costs incurred while seeking employment in your current occupation, which can include travel expenses, resume preparation, and employment agency fees, may be deductible under certain conditions.

  • Absorb the distinction and submission demands for a variety of tax deductions, inclusive of itemized deductions and refinements to gross income.
  • Understand the treatment of miscellaneous itemized deductions, including those subject to the 2% of adjusted gross income limitation.
verifed

Verified Answer

SD
Sejal DaradeJun 05, 2024
Final Answer :
D
Explanation :
All of these expenses (job-hunting expenses, union dues, and professional dues and subscriptions) were considered miscellaneous itemized deductions under the tax code. However, it's important to note that the Tax Cuts and Jobs Act of 2017 suspended miscellaneous itemized deductions for tax years 2018 through 2025.