If you’ve never been unemployed you don’t know how much time and expense is involved with finding a new job. As a business owner I know firsthand that following up on leads could take up an entire work day and for those people looking for a new job, the costs associated with job searching not only add up fast but when the money coming in is minimal, the costs become even more noticeable.
The IRS understands this and for that reason, most of the expenses associated with a job search can be written off as deductions assuming the taxpayer is able to itemize their deductions. How does it work and what are the rules surrounding these deductions?
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