Resume paper, trips to job interviews, even steel-toe boots can all be claimed as a work-related expense on tax filings. Yet only one in five taxpayers say they include it, according to a survey from Liberty Tax Service and CareerBuilder. Only 7 percent have claimed job search expenses.
It's a missed opportunity for a higher tax refund, experts at these companies say. “Documenting the costs of a job search may deliver a tax break whether it results in a new position or not. Job search expenses may be deductible when, totaled with employee expenses and other miscellaneous deductions, they exceed 2 percent of adjusted gross income,” said John Hewitt, CEO of Liberty Tax Service.