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Reinstatement of Employee Business Expense Tax Deductions

This bill aims to reinstate the ability for employees to deduct certain unreimbursed business expenses from their taxes. This means citizens incurring such costs may once again claim a tax deduction, potentially impacting their annual tax returns. The changes are intended to be retroactive, allowing for adjustments to previous tax filings.
Key points
Employees can once again deduct 85% of their unreimbursed business expenses from their taxes.
The changes are effective retroactively, as if included in the 2017 Tax Cuts and Jobs Act.
Individuals who previously could not deduct these expenses may have an additional year to file for a refund of overpaid taxes.
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Additional Information
Print number: 117_HR_8848
Sponsor: Rep. Grothman, Glenn [R-WI-6]
Process start date: 2022-09-15