Final answer:
The claim that self-employed taxpayers' travel expenses are subject to a 2%-of-AGI floor is false due to changes in tax law from the Tax Cuts and Jobs Act of 2017, which allows these deductions in full on Schedule C.
Step-by-step explanation:
The statement regarding self-employed taxpayers and their travel expenses being subject to a 2%-of-AGI floor is false. The Tax Cuts and Jobs Act of 2017 eliminated the miscellaneous itemized deductions that were previously subject to the 2% floor for the tax years 2018 through 2025. Therefore, self-employed individuals can deduct their travel expenses in full as business expenses on Schedule C, without being subject to the 2%-of-AGI floor that previously applied to miscellaneous itemized deductions for individuals who were not self-employed.