Come Recommended: When it comes to personal finances, every bit of extra income or savings helps. Many job seekers don’t realize some of the expenses involved in their job searches can be written off as a tax deduction. Job seekers should be sure to keep track of employment search-related expenses to see if they can save a little money at tax time.
2 comments:
This article provides a very useful piece of knowledge for anyone in the entertainment industry. There are many people in the entertainment industry who work trying to make a decent living but simply cant get by due to lack a lack of decent income flow. Designers are constantly moving on to new work each time they complete a project. Each new project could come with some hefty travel fees simply to get the job. Using your "job" search expenses as a tax write off could be a very handy trick to actually saving a decent amount of money as opposed to someone who finds a job and settles into it for years to follow. I'm glad I read this article because I would have never guessed you could actually recover from job search expenses.
Here's another article that has really got me thinking about my financial future. I never would have thought to deduct job search expenses from my taxes. I wonder how this works for someone who is just starting out. When I start a job after graduation, can I deduct the expenses involved with obtaining that job from my taxes? I find it very interesting that these types of deductions are only legitimate when the job search is for another job in the same field. (This is what is making me wonder how it works for someone who is just starting out...do I have to reference the field that my last job was in even though I am my last job was an internship and I am no longer working in that position?) It seems like there can be some complications here, and that it would be a good idea to consult a tax advisor when making these deductions, but it's great to know that this is an option.
Post a Comment