Job search
From Wikicpa
Individuals may deduct job search expenses related to seeking employment if in the same trade or business. The qualifying expenses are deductible whether the search results in gainful employment or not.
Expenses are not deductible if the individual is seeking employment in a new trade or business. Expenses incurred in seeking a first job or working after a long-period of unemployment are also not deductible.
[edit]
Examples of qualifying expenses
- Resume expenses including typing, printing and mailing
- Travel if the trip is directly related to seeking employment
[edit]
Return placement
Qualifying job search expenses are deductible on Form 1040, Schedule A as a miscellaneous itemized expense subject to the two-percent floor.
