{1 - 24} GreyGrey
{25 - 49} GreenGreen
{50 - 499} BlueBlue
{500 - 4999} OrangeOrange
{5000 - 24999} RedRed
{25000+} BlackBlack

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Are you able to get a tax deductible for purchasing loupes?



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3 Answers

Good question! I deduct necessary work items like uniforms, it might be worth it to look up work expenses on the IRS website to see if they specify what “necessary” is.

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The first thing you should know about the Job-Related Expenses Deduction is that it is very difficult to qualify for this deduction. That’s because the expense limit is so high. In order to qualify, your job-related expenses must be more than 2% of your AGI (adjusted gross income).

Example: If your AGI is $40,000, your expenses would have to be more than $800 ($40,000 x 2%). Even then, you could only deduct the amount over $800. So, if your job-related expenses were $1,000 you could only deduct $200 ($1,000 – $800).

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I did!

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