If you're job hunting, here's some money-saving advice: The IRS offers tax deductions to help job seekers offset the cost of some expenses, such as printing resumes, hiring an employment agency or traveling for interviews. Here's a look at what qualifies:
1. Your expenses must be for a job search in your current occupation. You cannot deduct expenses related to a new occupation or if it's your first time in the job market (i.e. you're a recent college graduate).
2. Generally, you can deduct:
Fees paid to employment and job-placement agencies while looking for work.
The cost of printing/mailing copies of your résumé to prospective employers.
Travel expenses if you leave town to look for a new job. But not if it's a vacation that just happens to include a stop at a would-be employer.
3. You can't deduct job-search expenses if there was a "substantial break" between the end of your last job and the start of looking for a new one. (Alas, the IRS doesn't specify what "substantial break" actually means.) Also, if your current employer or another party reimburses you for an expense, it cannot be deducted.
4. Typically, job-search expenses are claimed as a "miscellaneous itemized deduction" on Schedule A of your 1040 Form.
For details, see IRS Publication 529, Miscellaneous Deductions. Or call 800-TAX-FORM, or (800) 829-3676.