We talk a lot about clothing on this site, and this time of year, as everyone starts to think about filing their taxes, let’s take a minute to address a very important fact. Did you know that you can deduct the cost of clothing you are required to wear for work? Yes, that’s right. If you must buy clothes for work, you can write-off the expenses for their purchase and upkeep on your tax return.
Now, before you go and tally up all the cute little jeans and tees you’ve purchased over the past year, be sure to read the tax code carefully to know what is deductible. Just because the IRS allows you to deduct clothing expenses doesn’t mean every item you wear is considered work related. For example, to qualify, the clothing item must be used for work, and be something you could not use as regular clothing outside of work. Take those same tees and jeans. You wear a tee shirt and jeans because you’re a fit model and that’s what you wear in your industry when you go out on a call. While that’s a work requirement, you can also wear those same items to go shopping, or to a party with your friends. So, fuhgeddaboudit!
Now if you must wear a uniform to deliver the mail, for example, you can deduct the expenses associated with the upkeep. But if you’re in the military, you can’t. Confused? There’s a solution for that and it’s Turbo Tax. Using the online services of Turbo Tax makes filing your taxes so easy you’ll wonder why so many people complain when tax season comes around. So be sure you keep all receipts related to cleaning, altering, and tailoring any clothing you must wear for work. And here’s a money saving tip: Go through the Groupon coupon site and snag a deal that will save you even more. When you shop for Turbo Tax products using Groupon, you can save as much as 20% off their software, and find useful information for getting your taxes done right the first time. They even have experts available to answer your questions and clear up any confusion you might have about work related clothing. Until then…shop on.