JOB SEEKER TIPS

Military To Civilian: 3 Tips For Career Success 10 useless résumé words (and 10 eye-catching ones) 3 steps to juggle multiple interviews 3 myths about older job seekers Top 3 Reasons to Stop Hitting Apply 4 Secrets to Winning Entertainment Cover Letters Job Interview: Answering the Dreaded Salary Question Veterans Teach For America ++++++++++++++++++++++++++++++++ This week’s career building announcement comes from Shane Ostrom, a retired Air Force officer and one of MOAA’s Certified Financial Planners (CFP®) who provide our MOAA membership and the military community with expert advice on individual investment planning, asset allocation, understanding employee benefit plans, assessing life insurance needs and a host of related topics. Shifting now to today’s topic: Are you starting or in the middle of job search? Save your receipts. The IRS publication 529 explains tax deductions available to people searching for new employment. The rules are relatively simple. First the limitations: • You have to be searching for a job in your current occupation. There are no tax breaks if you’re looking for a job in a new occupation. • Your job search deductions fall under the “Miscellaneous Itemized Deductions” category. This means only expenses above 2% of your adjusted gross income can be deducted. Make sure you save all your receipts to help get above the 2% threshold. • No tax break if you have been unemployed for a substantial (not defined by the IRS) period before looking for a job now. • There are no tax breaks if you’re searching for your first job. • If someone else pays for the services, like an employer, you can’t deduct the cost. You personally have pay the costs for the expenses to be deductible. The allowable deductions include: • The deductions are available to you even if you don’t get the jobs you apply for. • The fees you pay an employment or outplacement agency, including video interview preparation services. • Resume preparation services and mailing costs. • Travel and travel expenses. Keep records on the costs to travel to and from the location (the business mileage rate if traveling by car) and the expenses you accumulate while in the area searching for the job. If mixing business with pleasure, be careful. The pleasure parts of the trip are not deductible. Pretend you will be audited and maintain records that are beyond reproach. Better to be safe than sorry. For additional details, see: http://www.irs.gov/pub/irs-pdf/p529.pdf . +++++++++++++++++++++++++ How to Target a Resume for a Specific Job Military Leaders in Transition: Does your LinkedIn Profile Send the Right Message to Prospective Employers? Words And Phrases To Avoid On Executive Resumes When a Headhunter Calls, It's Not Always a Good Thing 9 Tips for Conducting a Remote Job Search 5 Reasons Why Employers Are Not Hiring Vets 6 Ways to Mobilize Your Network What Not to Include on Your Resume How To Bomb A Sure-Thing Interview Job tips for recent college grads, military vets | 9news.com CitruSolution smells like success to Veteran Entrepreneurs