-- Malpractice insurance or insurance premiums for protection against
liability or wrongful acts - often required to practice medicine - may
also be considered as an occupation-related deduction for doctors and
other healthcare workers.
-- Other expenses that may be deductible include: professional dues;
specialized equipment or tools; the cost and upkeep of uniforms if they
are required for work and not suitable for everyday wear (for example,
a nurse's bedside uniform and shoes that cannot be worn when off duty);
and certain state or local government regulatory fees, licenses, or
flat rate occupational taxes.
-- Work-related education courses or seminars - such as refresher courses,
courses on current developments, and vocational courses - may also be
considered as deductions if they meet certain requirements. However,
education qualifying an individual for a new trade or business (such as
a licensed practical nurse taking classes to become a registered nurse)
is not deductible.
-- Student loans are often necessary to pay for the cost of education for
medical workers as well as those in many other fields. Taxpayers who
take out a loan to pursue studies and pay interest on that loan may be
able to claim up to $2,500 of the interest as a student loan interest
deduction on a tax return.
As the tax deadline approaches, Jackson Hewitt offices will be open
extended hours - some until midnight and even 24-hours during the final
days before April 15 - to help America's Workforce prepare and file their
income tax return and capture all of the job-related deductions and credits
available to them. For a partial list of occupations profiled and to review
some of the most commonly overlooked deductions, visit the Tax Resource
Center at '/>"/>
|SOURCE Jackson Hewitt Tax Service Inc.|
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