Tax Tips for Job Hunters

If you are currently searching for a job you may be able to deduct related expenses on your tax return. Following are some tips to help make the most of your deduction.

Qualifications

  • Expenses must be in your current occupation – this deduction is not available to those who want to switch careers
  • There was not a substantial break between your job search and your last job
  • You are not looking for a job for the first time
  •  You can claim the amount that is more than 2% of your AGI

Deductible Expenses

  • Agency fees
  • Expenses for preparing, copying and mailing your resume
  • Travel expenses during the job search, such as mileage

Learn More

Related posts:

Standard Mileage Rate Increase for 2011
Home Office Deductions
Tax Amendment Tips
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About Arden Lux Lane

My name is Arden Lux Lane and I run The QuickBooks Resource. I am also the owner of Lux Bookkeeping and have been using QuickBooks since 2001 and helping small businesses since 2006.

Lux BookkeepingBizarre as it may sound, I actually enjoy accounting and helping small business owners get the most out of QuickBooks.

Learn more about Arden Lux Lane.