Due to the recent tax reform law signed in 2017 by President Trump, union dues and other non reimbursed work-related expenses can no longer be deducted, as in past years, as a portion of your itemized deductions on your 2018 tax returns.

This includes work related travel, such as mileage driven for work, transportation and meal expenses. This especially applies to those who have used miscellaneous itemized deductions such as non reimbursed employee expenses which have been eliminated. Elimination of the away from-home meal deduction, for example, is a loss of about $50 per day, a total of up to $13,000 to $14,000 per year for a member employed away from home in the transportation industry.

-business liability insurance premiums
-depreciation on a computer or cell phone your employer requires you to use during your work
-union dues
-work related education expenses
-home office expenses for part of your home used regularly and exclusively for your work
-expenses used in looking for new employment (includes travel)
-legal fees related to your work
-subscriptions to professional trade magazines related to your work
-work clothes, tools purchased to perform work and uniforms (if required and not suitable for everyday use)

This tax change is in effect for tax years 2018 through 2025.

This notice is for information purposes only. Consult your own tax professional on how these changes will affect you. Please see the April/May 2018 issue of the TD News for details about the effect of these laws specifically for members working in the transportation industry.