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Making Cents of Expenses and Deductions

Most independent adjusters are responsible for their own lodging and transportation expenses while working catastrophes. Can these expenses be deducted from an adjuster's yearly income?

By staff Writer | Updated on May 25, 2006

Most independent adjusters are responsible for their own lodging and transportation expenses while working catastrophes. Can these expenses be deducted from an adjuster’s yearly income? A column called “Tax Talk,” which is hosted on the web site bankrate.com, recently addressed this topic and gave some valuable advice.

The question posed in the column involved an adjuster who had spent four months in New Orleans adjusting claims. While there, he stayed in hotels and paid for all of his meals, racking up more than $4,000 in expenses while still maintaining his home in New Mexico. When it came time to file his tax return, his tax preparer told him that these expenses could not be deducted.

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