Deduction or Reimbursement?
A question for everyone; is it more worthwhile to be reimbursed for the money I spend on child activities/etc., or should I deduct it on my taxes? I understand for deductions it has to be over 2% of what one makes in a year? For reference; I make 16800 per year at my current hourly rate and hours. I have a great contract and I'm happy with my family - I am just wondering if I should take the money they offer to reimburse for things I buy, or if I should simply deduct it from my own taxes. PROBABLY A LITTLE JUMBLED - Feel free to reword if needed! Basically I want to know, if I only make $16,800 a year, and 2% of that is like $336, should I take them up on their offer to reimburse for supplies I buy, or should I deduct it on my own?
at 12:10 PM