1. Job Hunting Expenses
Job hunting is not an easy task at all, and Uncle Sam agrees with this statement. Going on a job hunt implies several things, including a big chunk of money to cover resume copies, outplacement agency fees, and travel expenses.
You are actually entitled to deduct several job-hunting expenses; however, according to the taxman, you have to follow some rules. One of the many is that you can’t qualify to deduct any job search-related costs when you’re actually looking for your first job.
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