Tuesday, October 2, 2007

Your job search is tax deductible

You can claim job-seeking expenses as long as the amount of all miscellaneous itemized deductions is more than two percent of your adjusted gross income...your job search must be for a job in your current, or most recent, trade or business and should be at a similar level of responsibility with duties similar to those of your most recent job.

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1 comment:

S!ick said...

(While preparing my taxes today...)

I found my copy of TaxCut Premium Federal & State (I received for free) has "internet connection required" on the CD. I hope this is made clear to purchasers BEFORE it is purchased...

I used TurboTax Federal & State. To my surprise, I was not allowed to file online for free. Again, I'm very happy I received it for free.

Based on my experiences, if there are additional charges for filing online, I expect I will NEVER purchase tax preparation software.