The following are ten unusual deductions that are subject to the 2% of adjusted gross income threshold that you may not know about:
1. IRA fees paid with funds outside of the IRA account
2. Loss on deposits in an insolvent bank
3. Cost of installing a safe in your home
4. Appraisal fees for determining income taxes such as the value of charitable donations
5. Hobby expenses up to the amount of hobby income
6. Job related education expenses
7. Protective clothing such as safety boots, safety glasses, and hard hats
8. Special theatrical clothing if not suitable for everyday wear
9. Books, magazines , and newspapers dealing with investments and taxes
10. Trips to look after investment property not including shareholder meetings, seminars or conventions.
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