Your Questions About Job Hunting Expenses

Jenny asks…

What type of documents should I gather to justify my Job hunt expenses for tax deduction?

Robin West answers:

Proof of the actual amounts spent. For mileage, you’ll need the mileage log that you kept at the time that you drove the miles.

John asks…

Is a haircut a job hunting expense?

Robin West answers:

No.

More details at
http://www.smartmoney.com/personal-finance/taxes/deducting-job-hunting-expenses/

Richard asks…

Which of the following expenses, if any, qualify as deductible?

Contribution to a Roth IRA
Costs involved in maintaining an office in the home by a self-employed insurance adjuster. Taxpayer’s wife also uses the office as a meeting place for her bridge club
Cost of moving to first job location. Taxpayer just graduated from college
Job hunting expenses of a fishing guide to become an insurance salesman

Robin West answers:

Contribution to a Roth IRA — Definitely deductible

Costs involved in maintaining an office in the home by a self-employed insurance adjuster. Taxpayer’s wife also uses the office as a meeting place for her bridge club. — Home office / equipment are deductible. However, you are asked to determine what percent of time the space/ computer/ equipment is used for work and the deduction is calculated at that percentage.

Cost of moving to first job location. Taxpayer just graduated from college. — Not positive but I would think not since it is not a true relocation, however could be mistaken on this one. The forms themselves just ask if you have any expenses related to a move for employment reasons and I am not familiar with the specifics.

Job hunting expenses of a fishing guide to become an insurance salesman. — Again not familiar with the specifics, but the tax filing form itself just asks about job hunt activities and I am not aware of any requirement for a certain type of job based on qualifications.

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