Tax Advice For Job Hunters
Hey, we’re not accountants or tax professionals, so none of this should be taken as gospel, and if you get audited, don’t blame us.
Job search expenses are tax-deductible and could save you bundles of cash as April 15 draws ever nearer.
You itemize these expenses on Schedule A (the same form you use to itemize home mortgage interest, charitable donations, and medical expenses), under “Unreimbursed Employee Expenses.” You can only deduct the expenses that exceed 2 percent of your Adjusted Gross Income (AGI), but if your income was a little lower last year, or even if it wasn’t, you could save a bunch.
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