Employee business expenses, along with the cost of investment advice, tax-preparation fees and other miscellaneous items (such as the cost of subscribing to business or investment publications) are deductible, under current tax law, only to the extent that their total exceeds 2% of Adjusted Gross Income. When executives have large unreimbursed business expenses, they may do better to negotiate with their employers for an increase in their reimbursements, instead of a raise. If the executive gets a raise, it will be taxed, while the executive will lose at least part of the deduction for the unreimbursed expenses. However, an increase in reimbursements will be tax-free and completely cover the cost of expenses.