Job Hunting Expenses

Filed Under »
Dictionary Says

Definition of 'Job Hunting Expenses'

Costs that individuals may be allowed to deduct on their federal tax returns to reduce their total taxable income. Job hunting expenses, officially called job search expenses, are deductible if you are searching for a job in the same line of work. Qualifying job hunting expenses include fees paid to employment and outplacement agencies, costs to prepare and mail resumes, and travel expenses for a trip primarily to look for a new job.
Investopedia Says

Investopedia explains 'Job Hunting Expenses'

Job hunting expenses are not deductible when searching for your first job after completing school, when searching for a job in a new line of work or when there has been a substantial break in your employment. Also, they fall into the miscellaneous itemized deductions category, meaning that they can only be deducted to the extent that job hunting expenses plus other miscellaneous expenses exceed 2% of your adjusted gross income.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Deduction

    Any item or ...
  2. Travel Expenses

    The costs ...
  3. Away From Home

    The IRS criteria ...
  4. Home Office Expense

    Expenses ...
  5. Expense

    1. The economic ...
  6. Transportation Expenses

    An expense ...
  7. Income Tax

    A tax that ...
  8. Internal Revenue Service - IRS

    A United States ...
  9. Moving Expenses

    Potentially ...
  10. Recareering

    A late-in-life ...

Articles Of Interest

  1. Top Job Search Mistakes For Finance Grads

    Looking to land your dream job? Skip the entry-level position by avoiding these common errors.
  2. Resume Scribes Seal The Deal

    Find out how professional resume writers can help you land a coveted career.
  3. Tax Tips For The Individual Investor

    We give you seven guidelines to help you keep more of your money in your pocket.
  4. Business Grads, Land Your Dream Job

    Companies are in need of strategic candidates, not walking resumes.
  5. Taking The Lead In The Interview Dance

    Learn the steps that will help lead you to a new career.
  6. Get Into A Broker Training Program

    Becoming a registered representative isn't easy. Learn how to succeed at the first step.
  7. Internships: Find The Best One For You

    It only takes a little legwork to land a prestigious career while you're still in college.
  8. Establishing Yourself As An Expert

    Here are some tips on putting yourself on the path to becoming an expert in a field.
  9. 4 Ways To Get A Head Start On Your Financial Career

    Breaking into the finance business is tough, but these tips can help.
  10. How To Improve Your Leadership Skills

    Being a leader can help you in your career. Here are some tips for improving your leadership skills.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center