If you are back in the job market and searching for a job in the same occupation that you previously had, expenses could be deductible.
Some of the expense that qualify to be deductible are fees paid to employment agencies, cost of submitting resumes, costs to assemble portfolios, legal and accounting fees related to employment contracts, cost of newspapers bought for employment advertisements, and transportation cost.
However, any expenses related to searching for a job in a new occupation or a first time job are not deductible.
After you have found employment, moving costs for a job that is at least 50 miles away from your home may also be deductible.
These are just a few of the qualifying expenses. Be sure to keep your receipts and check with a tax professional.
Tags: deductible expenses, Dempsey Vantrease & Follis, job search