The cost of getting to and from work is not tax-deductible. Taking a bus, subway, taxi or driving your own vehicle to work is a personal expense, regardless of how far you have to travel. You also can deduct transportation expenses between your home and a temporary job that is expected to last one year or less. And if your home is your main workplace, you can deduct transportation expenses for going from your home to another work location in the same trade or business.
FICA taxes are not deductible. But if you overpaid the tax, you can get a credit for FICA over-withholding. You pay FICA taxes only on wages up to the limit.
If you had more than one job and your combined earnings exceed the wage base limit, you might have overpaid FICA taxes, in which case you may be able to request a refund or a tax credit. Face-lifts, liposuction, electrolysis and other procedures done to enhance your appearance are not deductible medical expenses.
But if your doctor says you need a nose job to treat respiratory problems, for example, it becomes a deductible medical expense. The IRS says you can deduct the cost of plastic surgery if it is necessary to improve or correct a deformity resulting from a congenital abnormality, an injury incurred in an accident, trauma or a disfiguring disease. Looking sharp at work rests totally on your shoulders. Also deductible are cleaning charges for nonprofit uniforms, such as an outfit required of hospital volunteers, or Boy Scout or Girl Scout troop leaders.
Here, the costs of the uniform and its maintenance would be considered charitable deductions. But sleepaway camps are not tax-deductible. Your actual tax credit can be up to 35 percent of your qualifying expenses, depending on your income. How We Make Money. Libby Wells. Written by. Libby Wells is a contributor covering banking and deposit products. Edited By Megan Harney. Edited by. Megan Harney.
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