Little-known Tax Deductible Expense


Most people are familiar with the usual expenses you can get tax breaks for. For business owners, you get tax relief for business-related expenses. If you are an employee, you would probably enjoy tax deductibles like donations to charities, child relief and so on. But there is one tax break that is not very often spoken about – job search expense deductions. Especially in this shaky economy, this tax break would apply to many taxpayers and come in handy, too. If you have spent any time or effort in looking for a job this summer, you should tally up your expenses because you may be able to deduct some of these job search expenses on your next tax return. But there are a few conditions that govern which job search related expenses are eligible for the tax break. Here are a few things you should know about deducting costs related to your job search.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Darrin Mish, Tampa Tax Attorney, The Law Offices of Darrin Mish, P.A. | Attorney Advertising

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