Estimated tax tip savings. Your deductions for the cost and laundry expenses of work clothes are worth hundreds of dollars in tax savings—even if you discriminate against some employees in providing this benefit.

If you’re a regular reader of the Tax Reduction Letter, you know how to legally write off your expenses for purchasing and cleaning your work clothes when you wear distinctive or protective clothing.

As an employer, however, you may want to provide these work clothes to some classes of employees but not others. Or maybe you want the business to pay for your clothing expenses but not for those of your employees.

Good news! In this case, the law allows you complete deductions without regard ... Log in to view full article.