The Tax Cuts and Jobs Act (TCJA) suspended most miscellaneous itemized deductions (e.g., investment fees, unreimbursed employee expenses, hobby expenses) for tax years 2018 through 2025. The 2025 “One Big Beautiful Bill” (OBBB) has now made that suspension permanent—meaning these deductions remain unavailable thereafter.:contentReference[oaicite:0]{index=0}
✔️ Deductions That Are No Longer Allowed
- Investment advisory fees, custodial or trust administration fees
- Tax preparation costs, accounting fees, and subscription costs related to income-producing activities
- Union dues, unreimbursed job search or work-related travel, hobby losses
- Legal or investment expenses unrelated to a trade or business
All of these fell under the “2% of AGI” miscellaneous deduction category and remain permanently disallowed.:contentReference[oaicite:1]{index=1}
✅ Deductions That Are Still Allowed
- Gambling losses: Deductible up to the amount of gambling winnings, with no carryforward (no longer subject to the 2% floor).:contentReference[oaicite:2]{index=2}
- Impairment‑related work expenses: Employees with disabilities may deduct unreimbursed expenses for their job, reported via Form 2106.:contentReference[oaicite:3]{index=3}
- Educator expenses: Currently allowed as a separate adjustment above the line for eligible educators (will become a standalone itemized deduction starting in 2026).:contentReference[oaicite:4]{index=4}
📋 Overview Table
| Type of Expense | Deductible in 2025? | Notes |
|---|---|---|
| Investment fees (e.g., advisory, custodial) | No | Miscellaneous deduction permanently eliminated |
| Unreimbursed employee expenses (general) | No | Only permitted for specific categories (educators, disabled, reservists, etc.) |
| Gambling losses | Yes | Deductible only to the extent of winnings |
| Impairment‑related work expenses | Yes (for qualifying individuals) | Must use Form 2106 |
| Educator expenses | Yes (above the line) | Becomes separate itemized deduction in 2026 |
🔍 What You Need to Know
- Most miscellaneous deductions are permanently gone starting in 2025 under OBBB.:contentReference[oaicite:5]{index=5}
- Only a few exceptions remain—namely, gambling losses (limited), impairment‑related work expenses, and educator expenses.:contentReference[oaicite:6]{index=6}
- If you previously relied on deductions such as investment fees or tax prep costs, you’ll need to adjust your planning accordingly.
✅ Summary
If you’re wondering which miscellaneous deductions are still allowed in 2025, here’s the bottom line: almost all have been eliminated permanently. The only exceptions are gambling losses (up to winnings), impairment-related work expenses for eligible disabled employees, and educator expenses claimed above the line. Otherwise, those deductions are no longer available. Consider consulting a tax professional to explore other tax‑saving strategies like maximizing charitable deductions, medical deductions, or retirement account contributions.
