Rev. date: 07/2006
There are three types of expenses that are subject to the 2% limit. They are unreimbursed employee expenses, tax preparation fees and other expenses. For an explanation of deductible and nondeductible expenses refer to Publication 529
, Miscellaneous Deductions
Certain employee expenses are deductible as miscellaneous itemized deductions on Form 1040 (Schedule A)
. Miscellaneous itemized deductions are subject to a 2% limit, which means you only can deduct certain expenses to the extent that they exceed 2% of your adjusted gross income from the total amount of deductions.