Its Tax Time Make Sure You Deduct Qualifying Federal Resume Writing Expenses!

Its Tax Time Make Sure You Deduct Qualifying Federal Resume Writing ExpensesIts Tax Time Make Sure You Deduct Qualifying Federal Resume Writing ExpensesIts Tax Time Make Sure You Deduct Qualifying Federal Resume Writing ExpensesGood news Yur job search expenses may be tax deductible.Here are the top six things the IRS wants you to know about deducting costs related to your job search.1. IRS You can deduct certain expenses you have in looking for a new job in your present occupation, even if you do not get a new job. You cannot deduct these expenses if You are looking for a job in a new occupation. (IRS Publication 529, Job Search Expenses)My comment The federal government is notlage a new occupation, it is a new employer. If you are looking for a federal job related to your previous position, you may be able to deduct your expenses. The key is whether you are looking for positions requiring some of the same transferable skills from your past position to your new position. For inst ance, management/leadership skills are the same from private industry to federal government accounting skills are the same research and analysis skills are the same customer services is the same, etc.2. IRS You can deduct employment and outplacement agency fees you pay in looking for a new job in your present occupation.My comment The Resume Place, Inc. is considered an employment and outplacement agency, so any fees you incur enlisting our help with your federal job search would meet this criteria. Qualifying fees include our federal resume services, federal career consulting services, federal career training, and books.3. IRS You can deduct amounts you spend for preparing and mailing copies of a resume to prospective employers if you are looking for a new job in your present occupation.My comment Remember to save your receipts for portfolios, envelopes, stamps, faxing, rented computer time, or any other expenses related to writing and sending your resume.4. IRS If you travel to an area and, while there, you look for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. You can deduct the travel expenses if the trip is primarily to look for a new job. The amount of time you spend on personal activity compared to the amount of time you spend in looking for work is important in determining whether the trip is primarily personal or is primarily to look for a new job. My comment If you drive to The Resume Place, Inc. for in-person consultation or to attend one of our training courses, your travel expenses may be tax deductible.5. IRS You cannot deduct job search expenses if there was a substantial break between the end of your last job and the time you begin looking for a new one.My comment The IRS did not define how long a substantial break is, but even if you have been out of work for awhile, you may still be able to deduct the expenses. Please check with your accountant.6. IRS You cannot deduct job search expe nses if you are looking for a job for the first time.For more information about job search expenses, seeIRS Publication 529, Miscellaneous Deductions This publication is available on the IRS Web site, IRS.gov or by calling 800-TAX-FORM (800-829-3676).About.com article Job Search Tax Deduction Tips by Alison Doyle