Allows deductions for certain employee expenses related to construction tools, personal protective clothing, and other work-related costs.
The Tools Tax Deduction Act amends the Internal Revenue Code to permit deductions for expenses related to construction tools, personal protective clothing, and other work-related costs for employees. These deductions are exempt from the 2% floor for miscellaneous itemized deductions. The changes apply to taxable years beginning after December 31, 2025.
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