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:
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.
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 IRS.gov[i]