Skip Nav
Work Life Balance
This 23-Year-Old Woman Is Making Waves With Her Swimsuit Company
Budget Tips
66 Tried-and-Tested Tips For a Frugal Life
Books
16 Inspiring Books You Should Read in 2016

Deducting Job-Hunting Expenses on Your Tax Return

Tax Tip: Deduct Your Job Hunting Expenses

Did you know that some job hunting expenses are tax deductible? Remember, claiming all of the deductions for which you're eligible could very well reduce your tax bill. If you're someone who was job hunting last year then keep these points in mind when tackling your tax return.

  • Your job search must be for a position in the same field as your current job.
  • If you've taken a long break between walking out the door of your last job and embarking on a new job hunt, the IRS won't allow you to deduct any job hunting expenses.
  • Recent graduates don't qualify for these types of deductions.
  • If you've been contemplating starting your own business in the same field where you're currently working for someone else, your research costs could be deductible.

Source

Around The Web
Join The Conversation
princessjaslew princessjaslew 8 years
i think it sucks that graduates can't take a tax reduction if they are job hunting. after all, they are the ones with the least resources!
Things to Remove From Your Resume
Best Words to Use on a Resume
Graduation Cap Ideas
Best US Cities For Jobs 2016
McDonald's Employee Facebook Post
Best Time of Day to Send in a Job Application
How to Write a Good Cover Letter

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Career & Money
X