Keep track of job search expenses for the next tax season
TUESDAY, APRIL 16, 2013 10:45 AM

The deadline to file individual tax returns - April 15 - has passed. However, that does not mean it is too early for people to start thinking about next Tax Day. In fact, if they are currently looking for a job, or plan to do so soon, they should know that hunting for employment opportunities is tax deductible.

Many job seekers may not realize it, but the various steps they take to find work, from signing up for online classes to taking a career test, are often deductible. As a result, they are going to want to keep track of everything they do during their search for employment.

According to the IRS' website, individuals who are searching for a job while holding another can deduct whatever expenses they incur while preparing and mailing copies of their resume, signing up for help with employment and outplacement agencies, or traveling in search of new opportunities.

CBS MoneyWatch states that job seekers may also be able to deduct any costs they accrue while making calls related to their employment search. In addition, any fees they have to pay to attend job fairs or networking events can also be written off.