Here are several things you should know about deducting expenses related to your job search.
1. To get the deduction, the expenses should be used to seek employment in the current occupation. You can not deduct the expenses incurred in seeking employment in another job.
2. You can deduct employment and outplacement agency fees you pay on their own in search of jobs, the current occupation. If your employer pays you the latest in payment of employment, you must include the amount you will get your gross income, up to the tax benefit received in the past.
Third you can deduct amounts you use to prepare and send copies of your resume to potential employers, as long as you are looking for a new job in your present job.
4th If you are traveling in an area to search for a new job in your present occupation, you may be able to deduct travel expenses to and from the area. You can only deduct travel expenses if the trip is primarily to seek new employment. The time you spend on personal activity compared to the time you spend looking for work is important to know if the trip is primarily personal or is primarily to seek new employment. Using your car for travel in 2011 is deductible at 51 cents per mile job search during the first six months of the year and 55.5 cents per mile for the last six months of the year. Prices for other forms of transport are also deductible. Accommodation and 50% of your meal cost account also when traveling away from home in the evening.
5. You can not deduct job search expenses, if there was a significant break of the end of the last job and when to start looking for something new.
6. You can not deduct job search expenses if you are looking for work for the first time.
7. Job search expenses are included with detailed various other deductions, which are reduced by 2% of gross income, and therefore may be limited. If you use the standard deduction instead of explaining the cuts, you can reduce some job search expenses.