Beat the System: What’s Tax Deductible?

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I know you probably don’t want to hear it, but taxes are due in nine months. We’re here to help.

In tonight’s beat the system, what you can and can’t deduct when you’re job hunting.

Let’s start with what is tax deductible:

-Fees paid to job placement agencies.

-Costs of printing and mailing resumes.

-Travel expenses if you’re doing an out of town job search – although this doesn’t apply if you combine interviews with a vacation.

You can’t deduct job search expenses if it’s your first job, or your first job in a new market.

It’s also not deductible if someone is already reimbursing your costs, like your current employer.

Our thanks to the Sacramento Bee’s personal finance blog for these ideas.

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