Cook Wealth Management Group

Looking For a Job?

You may qualify for a tax break if you’ve been laid off.

If you’re seeking employment, your job search expenses (flights, gas, resume costs for editing, printing, or postage, and even staffing agency fees) are deductible, in some cases.

What’s the catch? You’re not eligible if:

  • You’re switching to a new field
  • You’ve taken a long break between jobs – even to travel or take care of family
  • You’re looking for your first job out of college

If none of the above apply to you, as long as you itemize deductions, and your miscellaneous expenses – including job search costs – exceed 2% of your adjusted gross income, you can write off your costs for job hunting, even if you don’t get the job. Make sure to document them appropriately on Schedule A of your Form 1040.

Additionally, if you plan to move for a job that’s 50 miles farther from your current home than your previous workplace was, you can deduct reasonable moving costs* on Form 3903 even if it’s your first job.

Remember to consult your tax advisor before making any changes to your tax situation, especially if you’re looking for work.

*Expenses of moving your household goods and personal effects, and of traveling from your previous home to new home.
Content derived from “Tax Write-Offs for Job-Hunting Expenses,” by Kimberly Lankford. and “Writing off job-hunting costs,” by Kay Bell.