Important Tax Tips For Jobs employment Seekers-Parts 1

The following topics will be covered:

• 1. Basic Tax Deductions
• 2. The Big Bucks
• 3. Playing It Safe

1. Basic Tax Deductions
Many of the costs associated with a job search can be deducted from your income. As long as you are not entering the job market for the first time, searching for work in a different field of employment job, or returning to work from a long spell of unemployment, many typical job search costs are tax deductible. Individually these costs can be small, but they can add up very quickly. Eligible expenses may include:

1. Phone calls and faxing fees
2. Costs for typing, printing, and mailing resumes
3. Employment agency fees
4. Ad space in newspapers, trade magazines, or on web sites
5. Traveling costs for employment job interviews (This does not just include airfare or public transportation. The costs of driving to an interview can be deducted on a mileage basis.)

The list continues on, but you get the picture.
The 2 most important things to remember are:

1. These expenses are only deductible if you itemize them.
2. Only job search expenses exceeding 2% of your adjusted gross income are tax deductible. (please check with a tax expert on the finer details)

2. The Big Bucks $$
The deductions don't begin and end with your minor expenses. As well as the small costs of printing, postage, etc, large expenses associated with the job hunt can also be deducted.

The two primary "major expenses" are as follows: