Tax Tips 2017: Job Hunting Expenses
Job Hunting Expenses
Finding a job can be tough, but what you might forget is that hunting for a job has expenses. If you are looking for a job in your field and have expenses while on the hunt, then those expenses can be deducted in Schedule A under job expenses and certain miscellaneous deductions on your 1040 taxes. This applies regardless if you gained employment or not.
Some examples of what the IRS allows as job hunting expenses are:
- Resumes
- Placement agency fee
- Travel to look for a new job
If you want to know if you qualify for these deductions, give us a call at (714)-533-2600 to schedule a free consultation to make sure you are maximizing your deductions.
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