Ahead of the 2020 tax season, SMART is gathering detailed information on how the tax changes signed into law in December 2017 have been affecting our members.
Under that plan, which went into effect for tax year 2018, one key change was the elimination of nearly all formerly allowable deductions for unreimbursed employee expenses. That means, among other things, that construction, railroad, production or transit workers can no longer itemize and deduct any of the following unreimbursed work-related expenses:
• Tools
• Safety gear
• Clothing required for work, including steel-toed boots
• Mileage driving from one worksite to another (including
out-of-town locations)
• Mileage driving to buy tools or materials for a job
• Hotel stays during employer-required re-locations or
out-of-town assignments
• Meals during employer-required re-locations or
out-of-town re-assignments
The new tax laws also eliminated deductions for state and local taxes, but nearly doubled the standard deduction. Whether those changes result overall in tax cuts or tax breaks for SMART members depends on individual tax situations, which vary greatly.
How have these and other tax changes affected you and your family? Did the elimination of deductions for unreimbursed employee expenses impact you? Did you pay more or less in 2018? If you had a refund, was it bigger or smaller? What do you anticipate for your 2019 taxes?
Let us know at members@smart-union.org or visit this link: https://www.facebook.com/smartunion/photos/a.383672653313/10156780325048314/?type=3&theater
• Safety gear
• Clothing required for work, including steel-toed boots
• Mileage driving from one worksite to another (including
out-of-town locations)
• Mileage driving to buy tools or materials for a job
• Hotel stays during employer-required re-locations or
out-of-town assignments
• Meals during employer-required re-locations or
out-of-town re-assignments
The new tax laws also eliminated deductions for state and local taxes, but nearly doubled the standard deduction. Whether those changes result overall in tax cuts or tax breaks for SMART members depends on individual tax situations, which vary greatly.
How have these and other tax changes affected you and your family? Did the elimination of deductions for unreimbursed employee expenses impact you? Did you pay more or less in 2018? If you had a refund, was it bigger or smaller? What do you anticipate for your 2019 taxes?
Let us know at members@smart-union.org or visit this link: https://www.facebook.com/smartunion/photos/a.383672653313/10156780325048314/?type=3&theater
Related News
- Spotlighting Rail Safety During See Tracks? Think Train® Week
- Shifting Views on Pattern Agreement
- SMART-TD Pride on Full Display for Labor Day 2025
- Western States hold first apprenticeship contest since 2011
- Congressman Resurrects Attempt to Nullify Federal Two-Person Crew (2-PC) Rule
- SMART-TD Intensifies the Push for Stronger Transit Safety Laws
- SMART-TD Yardmasters Reach Tentative Agreement
- For Wisconsin’s State Legislative Director, Role is More Than a Title
- Get the Facts on the Union Pacific Arbitration Award from SBA 1208!
- New Jersey Passes Two New Pro-Labor Laws Backed by SMART-TD