Question for the Money Doctors
Question submitted on Dec 17, 2010.
QuestionIs there a limitation on the travel portion of the job search tax deduction, if I want a job in a different country?
You may be able to deduct the travel expenses if the trip is primarily to look for a new job. However, if there was a sustantial break between the ending of your last job and your looking for a new one, or if you are looking for a job for the first time, or if you are looking for a job in a new occupation, then you may be limited in getting a deduction.
For additional information visit http://www.360financialliteracy.org/