You can deduct certain expenses as miscellaneous itemized deductions on Schedule A (Form 1040 or Form 1040NR). You can claim the amount of expenses that is more than 2% of your adjusted gross income.
Generally, you apply the 2% limit after you apply any other deduction limit. For example, you apply the 50% (or 80%) limit on business-related meals and entertainment before you apply the 2% limit.
Deductions subject to the 2% limit are discussed in the following three categories:
- Unreimbursed employee expenses.
- Tax preparation fees.
- Other expenses, such as fees to collect interest and dividends.