Job Search Expenses May be Deductible

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Costs associated with looking for a new job may be deductible. Below, is a list of what you need to know:

• The costs must be related to searching for a job in the same occupation as your pervious job
• Costs associated with preparing and mailing resumes, as well as, outplacement agency fees are deductible
• Travel expenses and mileage may also be deductible if the time was primarily spent searching for employment
• To claim job search expenses, list them as miscellaneous itemized deductions in Schedule A

What Doesn’t Qualify?

• If there was a large time lapse between the end of your last job and the start of your search, then expenses are not deductible
• Expenses related to those pursing their first job are not deductible

Remember, to keep receipts and any other proof of searching for a job. Be sure to make notes of date, time, mileage, and a description of what you were doing while traveling if you plan to deduct travel expenses. If you have questions regarding whether your expenses qualify for this deduction, please contact an H&S representative.