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Tax Deduct Your Job Search
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No, we are not tax specialists, so please don't send us tax
questions unless you want to wind up in trouble with the
government. However, we did stumble across this very interesting
tax tip that many of you will find helpful. NOTE: This tip applies
for our members located in the U.S. If you are one of our
international members, you should check with your local tax bureau.
It is a little known fact that expenses from your job hunt are tax
deductible. Eligible expenses include travel expenses,
long-distance telephone calls, employment agency fees, job-wanted
classifieds, resume preparation, and the cost of printing and
mailing resumes. If you are relocating and fly to another state or
country for interviews, your travel expenses are tax deductible as
long as you can prove that the purpose of the trip was for
obtaining employment.
There are some conditions that must be met, however. You must be
seeking employment in the same field that you are currently
employed in which means that if you are switching to the IT field
from another field or getting your first job, this will not apply
to you.
You should always check with your tax preparer or the IRS to find
out specifically what you can legally deduct.
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