Are resume services tax deductible?
Let’s face it: Making career moves is never easy, and investing in yourself is still, well, an investment, so being able to maximize on the expense is important. As we approach the new year, it’s important to know that according to information provided by the IRS, you can absolutely deduct certain job-seeking expenses (for those who click that link, details are on page numero five).
Do resume services count as deductible expenses?
The short answer: Yes.
I’m no tax adviser—duh—but I do want to quickly outline the ins and outs of taking advantage of tax perks while you’re job hunting. Because not everyone has the time to review the page fives in life. In a nutshell, here’s are a few job search expenses the can be tax deductible:
- Resume services
- Outplacement agency fees
- Costs related to printing / mailing your applications
- Travel expenses—meals, mileage, even parking
Stuff you can’t deduct? Job search expenses like that snazzy new interview outfit or haircut, or the cost of interviewing coaching (some of the rules makes no sense, I know). If you fall within a certain tax bracket, are changing careers, or returning to the workforce after a significant period, you may not qualify for deductions.
Depending on your situation, you may be able to also write off the tuition for professional development coursework you’ve completed, costs related to moving, or the price of having someone watch your children while you hop from interview to interview. Professional association dues and fees for services like a premium LinkedIn account are deductible too.
The trick to scoring all these beautiful tax perks?
First you’ll want to keep a record of your activities and expenses. Journals work great for this. If you don’t have a paper receipt, jot down the date, cost, and general details the expense, i.e. “Resume services, $375, December 5th, one-time fee.” Last, to reap the benefits on your 2016 return, you’ll want to pay for these activities before the new year.
I have four spots available for Eat It Too resume projects in January 2017. Email me today to reserve your spot, save 10% off the package price, and ensure that our work together is tax-deductible.