BKHM Blog

Deductions for Job Search Expenses

Posted by BKHM CPAs on Wed, Mar 01, 2017 @ 02:18 PM

The Tax Code allows you to deduct expenses that you may incur for searching for a job in your field. Some of these expenses may be obvious; others are not. The deduction may be especially valuable in today's tight job market. This letter describes those expenses.

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Topics: tax deductions

SIMPLIFIED HOME OFFICE TAX DEDUCTION OPTION

Posted by Sheridan Smith on Tue, Feb 12, 2013 @ 09:09 AM

In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed deductions for business use of a home (commonly referred to as the home office deduction). The IRS has announced a simplified option that many owners of home-based businesses and some home-based employees may use to figure their deductions for the business use of their homes.

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Topics: bkhm cpas, IRS, 1040 taxes, tax deductions