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When the Job Hunt Affects Your Tax Return by Elizabeth Martinez
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When the Job Hunt Affects Your Tax Return |
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Career,Business
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If you're one of the hundreds of thousands who lost their jobs in 2009, no doubt it was more than a little stressful and for many, it remains a daily stress. Still, it's important to remember the tax deductions you may qualify for as an active job seeker. Courtesy of the Internal Revenue Service, below you'll find a few do's and don'ts associated with writing off expenses during your search for a new job. • If you change fields, say from a stock analyst to a dive instructor, you won't be able to claim as many deductions you would if you were staying in the same field. • Some expenses associated with improving your tactics or even updating or revising your resume by incorporating services such as what Hound.com offers may be considered deductable. • Other deductable expenses, along with resume preparation services, include costs associated with job placement assistance, printing and mailing of your resumes, telephone calls, travel expenses associated with getting to an interview and even costs associated with joining organizations or online social networking. A. Harrison Barnes encourages job seekers to consult with their tax specialist to ensure they remain in compliance with federal tax guidelines, but these deductions can be beneficial for those who felt the recession a little harder than others. Another benefit, courtesy of the recession, is a much friendlier online experience for those visiting the IRS website. Another tip from A. Harrison Barnes is to keep all your receipts during your job search. Even the smallest insignificant receipts might make a difference in ways you hadn't considered. The fact is, tax laws change, updates are made and the majority of Americans simply miss out on deductions they're not even aware of. Approach it with the same mindset you do when preparing for an interview: assume nothing. Be prepared and be proactive. While more Americans begin to come through the other side after a rocky and all too often, devastating recession, those who were armed with the right information are the ones who will be able to shake the residual affects faster. If you haven't considered the many advantages of sites such as Hound.com, now's the time to do so. With access to careers in every major city across the nation, you have an incredible advantage that other sites simply can't offer. Couple this with a risk free trial, and before you know it, the new year suddenly looks a lot brighter. From Wall Street to Silicon Valley, this award winning site misses nothing. For more information, visit Hound.com. Be sure to check out the customer testimonials, the real time ticker that shows how many jobs are available any given minute and more career tips and advice from A. Harrison Barnes, a renowned career coach and attorney. With a staff that stands ready to answer questions or provide assistance, along with a resume service that gets you noticed, the award winning site is a sure thing in an unpredictable job market.
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job seeker, career tips and advice, Harrison Barnes,
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