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Submitted By: someone
Answered: January 16, 2019 8:53 pm
Answered: January 16, 2019 8:53 pm
As a police officer, can I deduct the cost of uniforms and weapons maintenance?
Unreimbursed employee business expenses used to be a miscellaneous itemized deduction subject to the 2% of adjusted gross income floor. However, this deduction has been suspended for 2018 through 2025, so no deduction is currently allowable.
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Tax Glossary
Lump-sum distribution
Payments within one tax year of the entire amount due to a participant in a qualified retirement plan. Qualifying lump sums may be directly rolled over tax free, or, in some cases, are eligible for current tax under a favorable averaging method.
