Good Morning!
If your are submitting your tax returns to get a mortgage I want you to be aware of something....
The deductions you take on Schedule A for "unreimbursed job expenses" will come out of your adjusted gross income as a direct deduction of your income.
This deduction would be things like job travel expenses, union dues, job education, etc.
I've seen some rather large deductions in this category over the years - and sometimes it's meant the difference between loan approval and denial.
So, if you know you will be applying for a loan in the next couple of years - be aware of how this "unreimbursed job expenses" deduction will impact your overall income.
Thanks for reading and have a great day!
Brett
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