Job hunting? Take advantage of potential tax breaks
As the job market continues to improve, more people are embarking on a job hunt. Did you know there’s a potential tax break in a job hunt? You can deduct the cost of looking for a job in your current field, even if you don’t get the job. Typical expenses are travel to job interviews, resume costs, and employment agency fees. You must itemize your deductions, and your total miscellaneous deductions must exceed 2% of your adjusted gross income.