Important Tax Tips For Jobs employment Seekers-Parts 2

 by Nathan Newberger

Jobs Employment, Career Job, Employment Job 

1. EDUCATION - If you went back to school before taking a new job career, your educational expenses can be curbed with tax deductions. Based on your adjusted gross income, you could be eligible for deductions of up to $3,000.
2. MOVING - Once you have finally found that new job employment, some of your moving expenses may be deducted for tax purposes. The only eligible expenses are ones that your current employer did not already cover. Furthermore, moving costs for a new job are only deductible if your new place of work is at least 50 miles from your old home. If these requirements are met, things like packing costs, mileage expenses, parking fees, tolls, and lodging while traveling are all tax deductible.

3. Playing It Safe
Tax deductions can be very tricky and very tempting. The worst idea you could get into your head is to start being a risk taker when it comes to your tax return. You may not always get caught bending the truth, but if you do, the IRS will have very little sympathy. Deductions related to the job search may also raise a bright red flag to the IRS. These types of expenses tend to get examined more thoroughly than others. So as you file your return, keep these things in mind:

1. Don't get creative and try to pile on expenses that are not truly exclusive to your job employment search. For example, a new suit may be needed for interviews, but its usefulness is not strictly confined to your job search.
2. Save your receipts. In the case that your deductions do draw suspicion, you can save yourself a lot of pain, time, and money if you have proof of all your expenses.
3. CHECK WITH AN EXPERT. We here at Worktree.com are job search experts, not tax accountants. Before you file a return with new types of deductions, it would be smart to get professional advice.

CONCLUSION
Don't be afraid to try and save money, however, please speak to an expert if you have any questions. As long as you play by the rules and only deduct legitimate expenses, you are in the clear. Being out of work is an economic burden on its own. Money can be even tighter when you have to spend large amounts on your job career search but these tips may help you recover a portion of this. Use those deductions to your advantage, and do it quick - April 15th is just around the corner!