How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Merlo Your Own Question
Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
Type Your Tax Question Here...
Merlo is online now
A new question is answered every 9 seconds

Which, if any, of the following expenses is subject to the

This answer was rated:

Which, if any, of the following expenses is subject to the 2%-of-AGI floor?

1. Contribution to traditional IRA.

2. None of the above.

3. Office in the home deduction for a statutory employee.

4. Cost of a CPA exam review course—taxpayer just began employment with an accounting firm.

5. Qualified tuition expenses under § 222.
Hello leyMo,

The answer is #4 - Cost of a CPA exam review course.

This would be considered an employee business expense, and expenses in that category are subject to the 2% of AGI floor.

None of the other expenses listed are subject to any 2% limitations.

If this was helpful please press the Accept button. Positive feedback is also appreciated.

Thank you leyMo

Merlo and other Tax Specialists are ready to help you