Which, if any, of the following expenses is subject to the 2%-of-AGI floor?
A)Gambling losses (to the extent of gambling gains).
B)Moving expenses (not reimbursed by employer).
C)Teaching supplies (in excess of $250) purchased by a fifth grade teacher.
D)Union dues of self-employed machinist.
E)None of the above.

Question

Quizplus · Accepted Answer

Teaching supplies purchased by educators are considered unreimbursed employee expenses, which were subject to the 2%-of-AGI floor prior to the Tax Cuts and Jobs Act of 2017. However, educators can still deduct up to $250 of these expenses above-the-line, but any amount exceeding this was subject to the 2% floor before 2018.

Which, If Any, of the Following Expenses Is Subject to the 2%-Of-AGI