#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

What counts as miscellaneous itemized deductions

You can deduct the following expenses as miscellaneous itemized deductions on Form 1040 Schedule A:

  • Amortizable premium on taxable bonds
  • Casualty and theft losses from income-producing property
  • Federal estate tax on income in respect of a decedent
  • Certain gambling losses
  • Impairment-related work expenses of persons with disabilities
  • Loss from other activities from Schedule K-1 (Form 1065-B), box 2
  • Losses from Ponzi-type investment schemes
  • Repayments of more than $3,000 under a claim of right
  • Unrecovered investment in an annuity

The following expenses can also be deducted on Form 1040 Schedule A as itemized deductions. However these expenses must exceed 2% of your federal adjusted gross income:

  1. Unreimbursed employee expenses
  2. Tax preparation fees
  3. Certain other expenses
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