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Internal Revenue Code of 1986

The main body of federal tax law in the United States.

Miscellaneous Itemized Deductions

Certain expenses that taxpayers could previously deduct from their taxable income if they totaled more than 2% of their adjusted gross income. These included unreimbursed employee expenses, tax preparation fees, and investment expenses, most of which were suspended by the 2017 tax law.

Unreimbursed Employee Expenses

Costs an employee pays for their job that their employer does not pay back, such as certain tools, uniforms, professional dues, or business travel expenses.

Itemized Deductions

Specific expenses that can be subtracted from a taxpayer's adjusted gross income to reduce their taxable income, instead of taking the standard deduction. Examples include mortgage interest, state and local taxes, and charitable contributions.

Adjusted Gross Income (AGI)

A person's total income minus certain deductions, like contributions to traditional IRAs or student loan interest. It is a key figure used to calculate eligibility for many tax credits and deductions.

Tax Cuts and Jobs Act (TCJA)

A major tax reform law enacted in December 2017 that significantly changed the U.S. tax code, including suspending many itemized deductions.