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

• Job Search Expenses from IRS Publication 529 (Page 5)
• Seven Tax Tips for Job Seekers from the IRS
• Best Tax Deductions for Job Seekers from Fox Business