I often say that getting a job IS a job. It turns out that the IRS sees it that way, too! Job hunters can (under certain circumstances) deduct expenses they incur in their search for employment as if the job hunt were a business.
In this week’s U.S. News and World Report article, I offer some tax and financial management suggestions from a CPA specifically for job hunters. You’re probably not cheered up by carefully tracking and recording all your expenses – especially when you’re unemployed or looking for a new job.
Yet, when you take charge of your finances and maintain good records, you can claim the deductions that are legitimately yours at tax time, and maintain your best possible financial situation for both the short and long term.
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