The Job Search is Tax Deductible

Well, maybe. It depends on where you are in your career. I spoke to a CPA this past week and learned the following about tax deductions regarding your search.

1. You can’t be just graduating college and launching your career. That is not tax-deductible

2.  You can’t be changing careers. You can deduct classes as they pertain to what you’re doing now, but if you want a new occupation, you’re on your own.

3.  If you’ve been unemployed for a very long time, such as a stay-at-home mom, then educational expenses are not deductible.

4.  You can deduct mileage to and from job interview or any un-reimbursed expenses, such as airfare.

5.  You need to itemize in order to get the deductions and you have to meet a minimum. For example, if you make $30K a year, you need to have at least $600 in order for your expenses to be deductible.

6.  Resume preparation services ARE TAX DEDUCTIBLE.

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