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Reduce Your Taxes with Miscellaneous Deductions

By BARRY LISAK
Posted 7/30/17

Certain employee expenses, expenses of producing income, and a variety of other expenses are tax-deductible as miscellaneous itemized deductions on Form 1040, Schedule A. Most miscellaneous deductions are subject to the 2-percent limit, which means you can deduct the amount left after you subtract 2 percent of your adjusted gross income (AGI) from the total.

Miscellaneous deductions subject to the 2-percent floor are:

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