Employment
Job Search Expenses
Many unreimbursed expenses incurred as a result of employment are deductible as miscellaneous itemized deductions, though they can only be claimed to the extent they are greater than 2% of adjusted gross income (AGI).
Included among these expenses are job search costs. These expenses are deductible if the search is for a job in the same line of work, regardless of whether a new position is obtained. However, if a period of unemployment is lengthy, the IRS may disallow the deduction. Also, expenses for finding a first job are not deductible.
Information is current as of Monday, Dec. 12, 2011.
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This article was provided by the American Institute of Certified Public Accountants (AICPA).
