What is deductible as a Employee Business expenses? I am an IT Senior Project manager employee working in NYC, I incurr daily parking rate at $5 per day or approimately $1,000 per year.
Then, I have to take the train to NYC from NJ on a daily basis, incurring monthly cost of commutiing of $250 per month! All this amounts to annual costs of approx $3,000 per year!
On top of that I am a Manager in an IT environment requiring me to perform some functions from home..This has necessitated me to purchase an expensive computer workstation at a substantial cost of over $4,800, add to that cable modem, peripherals expenses etc..The point is that my employer does not reimburse me for any of these expenses, regretably.
Please advise me what and how much of these expenses can deduct in 2006? As it is I pay too much in taxes through withholding. For your information, my W-2 wages in 2006 are $145,000.
Thanks in advance for your advise. |