Investor Glossary-job hunting expensesInvestor Glossary-job hunting expensesInvestor Glossary-job hunting expensesInvestor Glossary-job hunting expensesInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Job Hunting Expenses

The HTML to link to this page
 

Job hunting expenses (expenses incurred in finding a new job) are often tax deductible. Several conditions must be met for job hunting expenses to be deductible. First, the new job must be in the same field as the last job. Second, job hunting expenses aren't deductible if there is a lengthy break between leaving the last job and beginning the search for the new job. Finally, job hunting expenses for those seeking their first job aren't deductible. Deductible job hunting expenses include employment agency fees, resume preparation and mailing costs, advertising fees and telephone and travel expenses. Job hunting expenses are recorded as itemized deductions on Schedule A of Form 1040. In addition, the sum of the itemized deductions, including job hunting expenses, must exceed 2% of adjusted gross income to qualify.



Rate this Job Hunting Expenses definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: cancelled check, stock split, ex-dividend, class C shares, balance sheet, dividends payable, deferred tax, 401a, average price per share, stock market close, VIX, current ratio, open position, EBITDA, debt service coverage, irrevocable trust, risk management, required rate of return, retained earnings, inflation, covered put, FICO score, diluted share, APR, quality assurance, 144a, in escrow, wholly-owned subsidiary, ex-dividend date, reverse mortgage, labor relations, 1035 exchange, deferred revenue, Key Rate Duration, Zero Cost Collar, 1031 exchange, option premium, phantom income, LIBOR, command economy, limit order, FTSE, minority interest, margin rate, annual return, implied volatility, real GDP, liquidity ratio, per diem


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use