You are here: Home Work Issues Work: Seeking New ... Deductible Expenses To ...
Information about all aspects of finances affected by a serious health condition. Includes income sources such as work, investments, and private and government disability programs, and expenses such as medical bills, and how to deal with financial problems.
Information about all aspects of health care from choosing a doctor and treatment, staying safe in a hospital, to end of life care. Includes how to obtain, choose and maximize health insurance policies.
Answers to your practical questions such as how to travel safely despite your health condition, how to avoid getting infected by a pet, and what to say or not say to an insurance company.

Work: Seeking New Employment

Deductible Expenses To Keep Track Of When Job Hunting

« Previous

8/8

Certain expenses related to your job hunt are deductible from your taxes. 

Deductible expenses include the following whether or not your job hunt is successful:

  • Employment-agency and career-counseling fees.
  • Want ads.
  • Telephone calls.
  • Printing, typing and mailing resumes.
  • Travel when the primary purpose of the travel is to look for a new job. According to the IRS: The amount of time you spend on personal activity unrelated to your job search compared to the amount of time you spend looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job.
  • Meals and entertaining.

In order to be deductible, the amount that you spend for job search expenses, combined with other miscellaneous expenses, must exceed a certain threshold. To determine your deduction, use Schedule A, Itemized Deductions. Job search expenses are claimed as a miscellaneous itemized deduction.

NOTE: The above expenses are not deductible if:

  • You are making a career change 
  • You are seeking your first job.
  • If there was a substantial break between the end of your last job and the time you begin looking for a new one.

To Learn More

More Information

Real Earnings

Please share how this information is useful to you. 0 Comments

 

Post a Comment Have something to add to this topic? Contact Us.

Characters remaining:

  • Allowed markup: <a> <i> <b> <em> <u> <s> <strong> <code> <pre> <p>
    All other tags will be stripped.