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Tax Tip of the Week
For the week of
July 1, 2002

Your job-hunting expenses could be tax-deductible

Did you know that you might be able to deduct certain costs of looking for a new job, even if you don't find one?

To qualify for the deduction, you must be looking for a job in your current occupation, not in a new field. And there can't have been a long break between your previous job and your current search. Deductible expenses include:

  • The fees you pay to an employment or outplacement agency.
  • The travel and transportation expenses you incur while looking for work, including 36.5 cents per mile for your car mileage.
  • The costs of preparing and mailing your resume.
  • Long distance phone calls to a potential employer.

In order to deduct job-hunting expenses you must itemize your deductions on your tax return. Job-hunting costs are considered miscellaneous deductions, which are generally deductible only to the extent they exceed 2% of your adjusted gross income.

If you're changing jobs, it's worth keeping track of your expenses just in case you qualify for the deduction. To discuss the tax issues surrounding a job change, please call us. We are here to help.

Prior Tax TipsClick here to view previous tax tips.

"Tax Tips" are published weekly to provide useful tax information. Return to this site every week for helpful tax-cutting suggestions, tax reminders, and current tax information.

The information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.

If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list to receive other tax-cutting information from time to time, please contact our office. We're here to help.

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