Updating Your Resume Can Be Tax Deductible

I was asked, “Are your resumes services tax deductible?”

At the time, I had no idea so I looked into it and here’s what I found. But first, a disclaimer!

I am NOT a tax professional. This is NOT tax advice. You should consult a tax professional or the IRS for more information and clarity based on your specific situation.

With that said, I found this link ⇒ Job Search Expenses Can Be Tax Deductible ⇐

Basically, as long as you are looking in your current occupation, things like resume and outplacement services can be tax deductible. Even resume paper, packaging and travel expenses are eligible for tax credit.

But of course, there are exceptions, you cannot deduct job search expenses if there has been a substantial break between jobs, or if you are changing careers (occupations) and if you are looking for a job for the very first time.

Also, there is a certain threshold that you must exceed to qualify for a tax credit.

Again, click this link ⇒ here and print it off and consult your tax specialist.

 

As always, if you are ready to get your credentials updated…contact me at [email protected].