American Morning
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March 9th, 2010
07:00 AM ET
Tax deductions for job seekers
(CNN) – Good news for job seekers. You can deduct some expensive job hunting expenses, including employment and outplacement agency fees, travel costs and resume costs. Here's a list of what and who is eligible.
Tax Deductions for Job Seekers
- New interview suit (No)
- Employment agency fees (Yes)
- Travel expenses to interview (Yes)
- Resume expenses (Yes)
- New laptop to follow job boards (NO)
Are you eligible?
- New job in current field (Yes)
- Career changers (No)
- First-time job seekers (No)
- Long-term unemployed (No)
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Doesn't the minimum amount of Tax Deductions for Job Seekers start at around $750 dollars? Less than that and you are IRS deduction screwed aren't you?
Doesn't putting the drive selector into "Netural" allow the car to stop?
Runaway car!? Tried "everything" including braking, reaching for the gas pedal, and even calling 911 on your cell phone!!?
This this you MORONS – KNOCK THE TRANSMISSION INTO NEUTRAL! GUARANTEED 100% IMMEDIATE FIX to the "sudden acceleration".
Christine,
This morning you spoke to the importance of saving for retirement. I started my 401(k) before my company match started at the 1 year mark. I contribute 5% which is my company match limit. At the one year mark my company also started a 4% pension for me, so in all I'm saving 14% of my pay. Because I started it at 19, all financial advisors I have spoken to say I will be golden for retirement, considering nothing extreme happens where I may need to take money from the plans. What are your thoughts?
Over the past few years, I have spent more time away from home than at it just to find work. I am now being told by the IRS that I am considered an itinerant, and I am not permitted to claim travel expenses, or any deduction for that matter. The IRS has rejected all of my appeals and If I carry this any further i will need legal assistance, but with no work and no money I feel kinda trapped. If there is a solution that I am not aware of, I would be more than happy to hear it.