Tax tip: Miscellaneous expenses can add up

Description

Abstract: Expenses in the miscellaneous category are a mix of items that don’t fit elsewhere on a federal tax return. As this article explains, to deduct them, they must add up to more than 2% of the taxpayer’s adjusted gross income or none can be deducted. The article also talks about a second category of miscellaneous expenses that aren’t subject to the 2% rule.