I worked as a delivery driver in 2022. Can i deduct attorney fees and reinstatement fees related to my occupational driver license?
AI accountant’s answer:
Yes, you can generally deduct attorney fees and other legal expenses related to your occupational driver's license as a delivery driver. These expenses are considered necessary and ordinary business expenses incurred to maintain your ability to work in your profession. However, these deductions are available only if you itemize your deductions on Schedule A (Form 1040) and are subject to the 2% of your adjusted gross income (AGI) floor. This means that you can only deduct the portion of the expenses that exceed 2% of your AGI.
Keep in mind, this information is for tax year 2022 and may change in future tax years. To ensure you're getting the most accurate and up-to-date tax advice, consult a tax professional.
Correct.
Keeper’s AI Accountant V2
V2 is still a fine-tuned instance of GPT-4. Improvements over V1 include more comprehensive tax code embeddings, and a better chain-of-reasoning retrieval system.