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