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Job Search Expense Tax Deductions

  Sanjiv Gupta CPA  Published 
Job Search Expense Tax Deductions

Many have been having a hard time finding a job position in an economy that has been experiencing a recession. Job-related expenses may seem negligible, but for those with no income, these expenses can take up a large amount of available money. Job search-related expenses are eligible for a tax deduction.

Eligible job expenses that can be claimed in taxes must meet specific criteria. The job expenses are eligible for a tax deduction if you are related to your current career.  Employment agency fees are also eligible for a tax credit if you used an agency while unemployed.

Travel expenses can also be used for the time spent during your job search. Both bus fare and gas expenses can be claimed on federal taxes. The cost of stamps and mailing supplies for sending out resumes is another deduction that can be used for job applications that went through the U.S postal service.

Job search expenses are not eligible for deductions with those who are looking for work for the first time. This can apply to high school students looking for a job and it can apply for those who have never had a job and are finishing a degree program. If you have had a job and have had a substantial break from the workforce, you are still eligible to use the tax credit to offset any job search expenses that you have incurred. Job search and application expenses must be claimed for the specific tax year only.