Job hunting expenses
Some of the most overlooked tax deductions are the costs associated with job hunting. Provided this is not your first job, and the job you’re looking for is in the same line of work as your previous one, you can deduct qualifying expenses such as:
- Mileage and transportation costs, including parking and tolls
- Cost of printing business cards, resumes, advertising and postage
- Recruiting and employment agency fees
- Food and hotel costs
However, you can only deduct these and any other miscellaneous expenses if they exceed 2 percent of your adjusted gross income.