Deducting a CEO’s jet, but not a cop’s uniform
tulc(MAGA by making everyone but corporations and millionaires pay more taxes?)Donald Trump often declares his support, even love, for police, firefighters and other first responders. That isn’t stopping him, however, from nicking their wallets in the new tax law that he is expected to sign in early January.
Buried in the hastily drafted tax bill’s more than 500 pages are provisions eliminating “miscellaneous” deductions taken by almost 28 million taxpayers in 2015. Those are costs you bore to support your job or an investment you own or to pay a professional to prepare your income tax return.