According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.? The IRS defines “ordinary” as common and accepted in a particular profession and “necessary” as helpful and appropriate for a particular profession.
Here?s a list of 16 professional expenditures commonly incurred by young health care professionals:
- Automobile expenses
- Beepers and pagers
- Cellular telephones?
- Computer purchases
- Education, examinations & licenses
- Equipment & instruments
- Job search
- Malpractice insurance
- Meals & entertainment
- Parking & tolls
- Professional dues, journals & subscriptions
- Psychoanalysis as part of training
- ?Travel & lodging
- Uniforms & cleaning
?Please note:? Employees may not deduct professional expenses that are eligible for reimbursement from their employer.