Sunday, August 30, 2009
Job Seekers tax breaks.
Looking for job? Well, you may get some tax breaks from the IRS.
1. Expenses related to job serach are deductible if you are seeking employment in the same occupation, but not on another job field.
2. If you pay someone (agency fee) to help you find a job, these are deductible expenses, provided you did not get reimburse by your employer.
3. First time job seekers gets no tax breaks.
4. What expenses are deductible? mostly those to gain you employment (e.g., typing resumes, stationary, travel expenses and qualify incidentals, etc.)
Source: IRS
1. Expenses related to job serach are deductible if you are seeking employment in the same occupation, but not on another job field.
2. If you pay someone (agency fee) to help you find a job, these are deductible expenses, provided you did not get reimburse by your employer.
3. First time job seekers gets no tax breaks.
4. What expenses are deductible? mostly those to gain you employment (e.g., typing resumes, stationary, travel expenses and qualify incidentals, etc.)
Source: IRS
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