taxes

Tax Tips: Starting a New Job

1 Minute Read

If you are tired of your current job and need a change of scenery, you can possibly deduct some expenses that pertain to job hunting. Examples include printing and mailing your resume, fees you pay to a job search agency, and even travel expenses if you are looking for work in another state.

There are rules, though. First, the job you're looking for must be in the same line of work as your previous job. Second, and perhaps the most important, job-hunting costs are considered miscellaneous expenses. You can only deduct those kinds of expenses if they exceed 2% of your adjusted gross income.

Other costs are associated with a job change (such as selling your home and moving costs) that may help your tax situation. Check with one of our Endorsed Local Providers (ELPs) for more information.

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