Did you know that if you are trying to find work in your current occupation, the costs of your search, including expenses for preparing and sending resumes, employment agency fees and related travel expenses, should be deductible?
The deductions aren’t available in all cases. For example, you’re not eligible to use them if you are seeking employment in a new field or if this will be your first job. If it’s been a long time since you left your last job, your costs also may not qualify. Don’t try to navigate the rules on your own. If you want to learn more about these deductions, or ask any questions about your tax situation, contact us today.
For additional information from the IRS please visit: http://www.irs.gov/uac/Job-Search-Expenses-Can-be-Tax-Deductible
Davis & Hodgdon Associates CPAs has assisted individuals, businesses, and nonprofits with tax, accounting, and financial planning services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].