You have an upcoming conference and need a new suit or dress.<\/p>\n
Can you deduct that purchase as a business expense?<\/p>\n
What about if you have an important business meeting with a new client, and your shoes have seen better days?<\/p>\n
Can you deduct the cost of the new shoes as a business expense?<\/p>\n
You may be surprised to learn that in both of these situations, the IRS’ position is likely no, you cannot deduct them.<\/p>\n
According to the IRS, in order for clothing to be deductible, it needs to be distinctive and not appropriate for everyday use.<\/p>\n
So, if you buy protective boots for your construction employees or if you are a self-employed doctor or nurse and you buy scrubs, those are likely a “yes.”<\/p>\n
But if you purchase clothing that is normally worn outside of the business, such as a suit\/dress or shoes, those items will generally not be deductible, regardless of whether you personally do so or not.<\/p>\n
The above discussion is only if you have a business (LLC, Corp, 1099, etc.). If you’re a W-2 employee, however, you can generally never deduct clothing or other work-related costs.<\/p>\n","protected":false},"excerpt":{"rendered":"
You have an upcoming conference and need a new suit or dress. Can you deduct that purchase as a business expense? What about if you have an important business meeting with a new client, and your shoes have seen better days? Can you deduct the cost of the new shoes as a business expense? You […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n