Is Your Job Search Tax Deductible?
Published: Nov 05, 2009
Now, lest we be causing too much excitement in the tax-revolt/tea-bagging community, let's just get a couple of things straight. First, the tax breaks in the piece are only intended to defray the costs associated with finding a job. Second, not everyone qualifies: a list of those excluded includes people seeking to change career fields, those who have had a "substantial break" between periods of employment (presumably that's a voluntary one, as opposed to a "I've been trying but just can't get hired anywhere" kind of substantial break--right?), and recent grads (because, y'know, first-time job seekers are rolling in cash and don't deserve a break).
Still, if you have been looking for work—or are about to begin—it may be worth checking out the rules this coming season to see if you can claim any of your expenses back. Every little helps, after all.
AP Photo/George Ruhe
--Posted by Phil Stott, Vault.com