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Whether you’re a self employed individual or filing as a corporation, get peace of mind with taxes done correctly and efficiently. (Get More Info)

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Need help registering your new business as an LLC, corporation, or partnership registration? Keep it simple – let us help! (Get More Info)

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Do you need an Individual Tax Identification Number(ITIN)? We are authorized by the IRS to assist you in obtaining one. We can help! (Get More Info)

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KF Tax & Accounting, P.C.

1970 Rawhide Drive, Suite 204
Round Rock, Texas 78681

Tel:  512-244-1516
Fax: 512-244-1567

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Job search expenses may be deductible

Posted by kftaxaccounting2014 on September 21, 2015 in Uncategorized | 0 comment

Even though the last job report shows the economy is getting better and unemployment rate is dropping, there are still some individuals out of jobs.

Are you searching for a job and incurring some expenses?you may be able to deduct it in your tax refund…..

If you are currently working and decide to change your job in the same line of work, you may be able to deduct any money spent during the process, but if you are looking for a job in a different line of work ,then you will not be able to claim it.

If you have to travel to look for a job,you may be able to deduct it and sometimes even if looking for a job is not the main purpose of your travel, you might still be able to deduct the cost in your tax refund.

And lastly,If your resume is prepared by professionals,or you look for a job through the job placement agency, you can deduct it in your refund.

But you should also know that If you’re looking for a job for the first time, or you were reimbursed for any cost incurred during a job search, then this cannot be deducted.

Getting maximum refund is good innit?



Director, Tax and Accounting
Tax Accountant specialized in Tax Accounting, IRS Representation & Resolution of Complex Tax Matters, Individual and Corporate Tax planning, and Tax Advisory Services.

Specialties: Tax Resolution, Tax Planning, Financial Planning and Analysis, Budget Management, Payroll Management, Cost Management and Optimization, SAP, Oracle, Hyperion, PeopleSoft

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