Job Seekers: Have you Filed Yet?

It is April 13, 2010 have you filed yet? If not and you find yourself scrambling to get everything done than this blog might be informative.

To start, if you are unable to file by the April 15, 2010 due date than file an extension. This will help reduce the stress of getting all the forms done and done correctly as well as avoiding the penalties that occur when you do not file on time. Here is a link to the forms that need to be filed BY OR BEFORE THE DUE DATE APRIL 15, 2010 for an extension: Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return

Now let’s talk deductions. If you are a job seeker who is looking for a job within the same line of work that you are currently in than you may qualify for many deductions of your job seeking expenses.

Here is a list of what you can and can’t deduct.

CAN DEDUCT:

• Employment and Outplacement Agency Fees
• Resume’s- Time you spend creating a resume as well as the cost of printing and mailing your resumes to prospective employees.
• Travel and transportation expenses- If you are looking in a new area for a job that is in your current field.
• Phone calls- local and long distance call to prospective employees

CAN’T BE DEDUCTED:

• You are looking for a job in a new occupation
• There is a long break between the ending of your last job and looking for a new one.
• You are looking for a job for a first time.

IRS WEBSITE: For more helpful information on your taxes.

Have you filed yet or are you trying to get everything done by April 15, 2010? Leave your comments for others to read.


Carly Sabato