Asked by Shalara Santana on Jun 03, 2024
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.
Verified Answer
Learning Objectives
- 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.
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