Writing off business expenses as W-2 employee
Wondering if anyone has been as negatively impacted by the new tax laws as I have and looking for a solution. This question is directed towards other CPAs, loan officers or any other commission employees who are paid by a W-2.
My understanding is that starting in 2018 a W-2 employee can no longer deduct unreimbursed business expenses from their income. Even though my income is 100% commission and 100% derived from the business that I generate I cannot write off anything. I am not talking about grey area stuff like mileage or internet or cell phone. I am talking about expenses like google adwords, website development, buying leads, and even paying for my biggerpockets membership.
Last year this cost me thousands of dollars in extra taxes. Anyone else has been as negatively impacted by the new tax laws as I have? Any solutions? CPA recommendations?