Summary

In this lesson, you have learned that:

• Travel and transportation expenses can be taken as miscellaneous itemized deductions on Schedule A, subject to the 2% AGI limit.
  
  
• Travel expenses for meals, lodging, and incidentals must be incurred while temporarily away from home, on business to be deductible. Assignments that last, or are realistically expected to last, more than one year are not considered temporary.
  
  
• Commuting and other personal expenses are not deductible.
  
  
• Travel costs associated with deductible educational expenses are treated like other business travel costs.
  
  
• Form 2106 and Schedule A, Form 1040 are used to figure and claim the itemized deduction for employee business expenses that exceed reimbursement.
  
  
• Travel and transportation expenses for National Guard and reservists are not subject to 2% but applied to Line 24 of Form 1040.