Miscellaneous Itemized Deductions

I assume you are talking about the changes that the Trump administration put in place which have nothing to do with the 2017 filing many of us are working on now.

I am nowhere close to a tax professional so don't take anything I say here as gospel. I am not aware of those business deductions being removed. However, with the new higher standard deduction, it is very likely that most of us will be filing short forms next year. It doesn't mean that we don't get the deductions...quite the opposite. It means that we get credit for a high enough level of deductions without having to claim them. For instance, if you claim a mileage deduction instead of claiming all your expenses (gas, oil, upkeep, etc.) it doesn't mean that you lost the upkeep deduction, it just means that the mileage deduction was better. If you have $15,000 in deductions but you are given a standard deduction of $25,000, there is no reason to claim the $15,000. I don't remember what the standard deduction was last year or what it is going to be next year but whatever the numbers are, it is my understanding that next year's is significantly higher.

I was aware of entertainment expenses, but was not aware of mileage and meals.  I will need to check with my accountant.

I found this: https://www.forbes.com/sites/k...it-use/#57f0780d7631 really didn't help that much.

My accountant is swamped right now.  I'm somewhat concerned since I drive 25K plus every year. Hoping OLD Glory has got it right.

One of my reps came and mentioned milage as well. Pretty bold - he walked in and said you guys are going to need to do something for us next year since we can't deduct mileage anymore. I don't do too well with "demands"

He had better be habitually over 120% of plan if he's going to make a statement like that.

does anyone know what the standard reduction will be?

Old Glory posted:

He had better be habitually over 120% of plan if he's going to make a statement like that.

Not even close and a fairly new rep.