If you or someone in your family is looking for a new job, you should be aware of the income tax deduction that may be available with respect to job-search costs. Qualifying expenses are deductible even if they don’t result in a new position being offered or accepted.

What are job hunting expenses. Expenses of seeking new employment can encompass a broad range of items. Some of the more common expenses for which deductions have been allowed are:

• the cost of resumes, including postage for sending them to prospective employers;
• job counselling and referral fees;
• employment agency fees;
• telephone charges related to seeking new employment;
• local as well as out-of-town travel for interviews, to the extent not reimbursed by the prospective employer. (more…)