Are my Job Search Expenses Tax Deductible?

Over the last few months I have got this question a few times, so I thought it would be a good time to address it.  The good news is in most cases yes, so keep all your receipts!

First off, you can complete your taxes today using these tools:

    * E-File Taxes - Helpful Online Tax Preparation: http://www.climber.com/url/JgrjA63316619
    * TurboTax Online -  The faster way to file online: http://www.climber.com/url/9hla263316997
    * No-Cost Taxes Online-  No cost and low cost tax filing:http://www.climber.com/url/xaJxi63317156

Now, about that question:

According to H&R Block your job search expenses are deductible if :

    * You look for a job in the same field.
    * You are looking for a job at a similar level to your most recent job.
    * The total of all of your miscellaneous itemized deductions is more than 2% of your over Adjusted Gross Income.

I asked Aaron Garabedian from The Garabedian Group, an accounting and consulting firm in Fresno, CA, to explain this in plain English, "For instance if have been out of work for six months and your total adjusted gross income for the year is $25,000, you would need your total miscellaneous itemized deductions to be more than $500.  This is the total of all miscellaneous deductions not just job search related, some other miscellaneous itemized deductions are professional or union dues, work tools, protective work clothing and tax preparation fees.”

Here are the items that you can generally deduct:

    * Employment agency fees (like Climber.com http://www.climber.com/url/t/cLRtL155204350):  If your fees are repaid by an employer in a later tax year you will have to declare the reimbursement as income.

    * Resume Preparation - Marketing: Printing, postage, advertising and other fees associated with creation and distribution of your resume.

    * Travel:  Unreimbursed airfare, automobile mileage, meals and lodging are all covered.

Sounds like one more good reason to utilize premium services like climber.com.
We are here for you. We want you to be a Climber.com success story. Call us today 1-800-374-7113  or click to start your trial:
http://www.climber.com/url/t/cLRtL155204350


Tax Tools and Services:
    * E-File Taxes - Helpful Online Tax Preparation: http://www.climber.com/url/JgrjA63316619
    * TurboTax Online -  The faster way to file online: http://www.climber.com/url/9hla263316997
    * No-Cost Taxes Online-  No cost and low cost tax filing:http://www.climber.com/url/xaJxi63317156


Cheers and good luck in your career,
Mike

CEO
Climber.com
Mike.OBrien@climber.com
701 B Street, Suite 540
San Diego CA 9210