Which of the following is a true statement?
A) Employees cannot claim business expense deductions.
B) Employees can claim business expense deductions for AGI.
C) Employees can claim business expense deductions as miscellaneous itemized deductions not subject to the 2 percent of AGI limitation.
D) Employees can claim business expense deductions as miscellaneous itemized deductions subject to the 2 percent of AGI limitation.
E) None of the choices are true.

Question

Quizplus · Accepted Answer

Employees can claim certain business expense deductions as miscellaneous itemized deductions subject to the 2 percent of AGI limitation. This includes expenses that are ordinary and necessary to perform their job duties and are not reimbursed by their employer. However, the Tax Cuts and Jobs Act of 2017 suspended this deduction for tax years 2018 through 2025 for most employees.

Which of the Following Is a True Statement