Deductions for Job Searches

Searching for a job can be a long, arduous process. Fortunately, one benefit job seekers may be able to enjoy is the ability to deduct some job-search expenses on their federal tax returns. When looking for a position in the same line of work, you may be able to write off certain related expenses, regardless of whether you found a job. Here are some details to keep in mind:

Deductible Costs

Not every cost is deductible when searching for employment. Here are some common deductions:

  • Resumes: You can deduct costs from printing your resumes and mailing them to employers.
  • Travel costs: If you need to travel for your job search, you can deduct related expenses, such as transportation and lodging.
  • Placement agency: Fees you pay for help from an employment or job placement agency are deductible.

Non-Deductible Costs

You cannot deduct some expenses when searching for a job, such as those related to:

  • Changing the industry you work in
  • Taking a long break between ending one job and searching for another
  • Looking for your first job

Other details may apply, and you can find more information on the IRS website.

  • This information is not intended to be a substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax advisor.

Tip courtesy of[i]