Tax time is here again, folks.
And let’s be real, we all want to get as much money back on our tax return as possible. We’re even more excited to tell you that your safety toe shoes might just be tax deductible!
Yep, you read that right! Those comfortable, stylish and high performing safety shoes you bought for work this past year could be completely tax deductible!
Ready for that refund? There’s something to keep in mind before you claim that deduction:
In order to deduct the cost of your slip resistant work shoes, they need to be specific to, and required for your job and not normally used for “everyday wear’.
If your shoes qualify as “protective clothing” (slip resistant shoes are certainly protective!) and you are required to purchase them as a condition of your employment, and not normally worn outside of work, you can deduct the cost of them from your taxes!
So, if you do claim your slip resistant work shoes as a deduction, make sure you do the following:
- Keep a copy of your employer’s policies. If need be, you can present written proof that your employer requires certain safety footwear to be worn while working.
- Keep your receipt! Receipts provide proof that you spent the money on the clothes you are claiming a deduction for. Without one, you won’t be able to claim your deduction.
- Include your clothing costs with your other “miscellaneous itemized deductions” on your tax return.
- Finally, check with a certified tax preparer to make sure you claim all the deductions you’re eligible for!
There you have it! That’s all it takes to get even more out of your tax return. Now the real question is how are you going to spend that tax return money?!
For more helpful tips and educational information, check us out at safgard.com