List of Tax Deductions (contd.)
Job search expenses
- To deduct job search expenses, you must be looking for a job in your present line of work (not for a new job)
- Resume preparation (drafting, typing, printing, mailing, faxing)
- Employment agency fees
- Recruiters' fees
- Career counseling to assist you in improving your position
- Legal and accounting fees you pay in connection with employment contract negotiations and preparation
- Advertising for job search
- Transportation costs to job interviews
- Long distance calls to prospective employers
- Newspapers you purchase for searching classifed sections
- 50% of your meals you pay for that are directly related to your job search
- Travel expenses if you traveled while looking for a job lodging, meals (50% of the cost), etc. are deductible only if the primary purpose of your trip is to look for a job
- Keep a log for your travel expenses incurred on your job search
Standard disclaimer: This list of deductions is not to be construed as tax advice. Tax laws change every year, always consult the IRS and a qualified tax pro for up to date changes in tax laws and tax advice. |