pLooking for a new job isn't actually ‘taxing' after all. Did you know that you can deduct costs related to your job when you file? All the things like paying for LinkedIn Premium, hiring a recruiter and good ol' printing and mailing resumes can add up./p
pHere's a list of common deductions you can take:/p
ul
liIf you travel for an interview that's not paid for by the company you are interviewing with, you can deduct your expenses as long as the trip was for the sole purpose of finding a job./li
liYou can deduct costs around creating, printing and mailing resumes./li
liYou can also deduct the costs you incur by hiring a recruiter or job placement agency./li
/ul
pThings that disqualify you from taking job search deductions:/p
ul
liYour search must be for a job within your current field and you are not looking for a job for the first time./li
liThere has not been a long gap in employment./li
liThe expenses you take on such as travel must be primarily related to your job search./li
liIf another party or employer reimburses you for the expenses you're not able to take the deductions./li
/ul
pOf course, it's always best to have a professional like us to do your taxes so you don't increase your risks for an audit. Additionally, we may be able to find even more deductions you can take; everyone's situation is unique./p
pImage courtesy of a href=http://www.flickr.com/photos/secret_in_the_dirt/%E2%80%99 Secret in the Dirt/a on flickr; reproduced under a href=//creativecommons.org/licenses/by/2.0/deed.en%E2%80%9DCreative Commons 2.0/a/p
Category:
Tips
Posted on
September 17, 2013