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.

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest

Leave a Reply