3. Why try to itemize if I never get past the base percentage?
You incur professional expenses year-round that may or may not benefit you, depending on your use of the Standard Deduction. “My expenses never get past the base percentage, so I never use them,” says Angie Esparza, CMA. Is this you, too? If you’re new to nursing, you may be surprised to find how much you actually spend to maintain your profession. Tip: If your expenses do not result in itemized deductions, the data may still help with the family budget or negotiating a raise.