Comments on: Your Job Search Expenses May Be Tax-Deductible http://www.mymoneyblog.com/job-search-expenses-may-be-tax-deductible.html Personal Finance and Investing Blog Sun, 12 Feb 2012 01:43:13 +0000 hourly 1 By: The Standup CPA » Blog Archive » Are Joe Biden’s Hair Plugs Tax Deductible? http://www.mymoneyblog.com/job-search-expenses-may-be-tax-deductible.html#comment-128681 The Standup CPA » Blog Archive » Are Joe Biden’s Hair Plugs Tax Deductible? Wed, 15 Apr 2009 20:21:52 +0000 http://www.mymoneyblog.com/archives/2007/02/job-search-expenses-may-be-tax-deductible.html#comment-128681 [...] I would argue that it was Joe’s appearance that helped get him elected to the US Senate every year since first elected in 1878, it was the reason then-Senator Barack Obama picked him to be his running mate, and the reason that the US voters elected them to office.  As such, the cost of his hair plugs can be considered a job-hunting expense and therefore should be deductible for federal income tax purposes. [...] [...] I would argue that it was Joe’s appearance that helped get him elected to the US Senate every year since first elected in 1878, it was the reason then-Senator Barack Obama picked him to be his running mate, and the reason that the US voters elected them to office.  As such, the cost of his hair plugs can be considered a job-hunting expense and therefore should be deductible for federal income tax purposes. [...]

]]> By: John http://www.mymoneyblog.com/job-search-expenses-may-be-tax-deductible.html#comment-105705 John Wed, 09 Apr 2008 15:45:32 +0000 http://www.mymoneyblog.com/archives/2007/02/job-search-expenses-may-be-tax-deductible.html#comment-105705 I'm not sure about unemployment benefits and your S-Corp. I guess it depends on the state in which you file a claim, but some states exclude beneficial owners from collecting unemployment benefits. The threshold is typically around 10% ownership. I’m not sure about unemployment benefits and your S-Corp. I guess it depends on the state in which you file a claim, but some states exclude beneficial owners from collecting unemployment benefits. The threshold is typically around 10% ownership.

]]> By: tim http://www.mymoneyblog.com/job-search-expenses-may-be-tax-deductible.html#comment-49773 tim Sat, 03 Feb 2007 08:48:35 +0000 http://www.mymoneyblog.com/archives/2007/02/job-search-expenses-may-be-tax-deductible.html#comment-49773 yes, unemployment rules differ. I know that my friends have quit voluntarily and claimed unemployment. yes, unemployment rules differ. I know that my friends have quit voluntarily and claimed unemployment.

]]> By: Jonathan http://www.mymoneyblog.com/job-search-expenses-may-be-tax-deductible.html#comment-49334 Jonathan Fri, 02 Feb 2007 20:19:09 +0000 http://www.mymoneyblog.com/archives/2007/02/job-search-expenses-may-be-tax-deductible.html#comment-49334 I don't know about all areas, but when I looked into it you couldn't have quit voluntarily and claim unemployment. Makes sense, I suppose. The ironic thing is that I am the owner/employee of my own S-Corp and I have to pay unemployment insurance somehow based on how it is set up. So technically I could fire myself and claim unemployment. I don’t know about all areas, but when I looked into it you couldn’t have quit voluntarily and claim unemployment. Makes sense, I suppose.

The ironic thing is that I am the owner/employee of my own S-Corp and I have to pay unemployment insurance somehow based on how it is set up. So technically I could fire myself and claim unemployment.

]]> By: tim http://www.mymoneyblog.com/job-search-expenses-may-be-tax-deductible.html#comment-49279 tim Fri, 02 Feb 2007 19:19:04 +0000 http://www.mymoneyblog.com/archives/2007/02/job-search-expenses-may-be-tax-deductible.html#comment-49279 If you just quit/lost a job, don't forget to file for unemployment. Although not specifically on your topic, but people simply do not want to collect unemployment. Depending on your State, you can claim unemployment for quite some time (my friend got his checks for over 6 months) and live off of it rather than your emergency savings. I only know of one friend out of several who claimed unemployment. Most cited either pride or hassle reasons for not doing so, despite the latter being no hassle in reality. If you just quit/lost a job, don’t forget to file for unemployment. Although not specifically on your topic, but people simply do not want to collect unemployment. Depending on your State, you can claim unemployment for quite some time (my friend got his checks for over 6 months) and live off of it rather than your emergency savings. I only know of one friend out of several who claimed unemployment. Most cited either pride or hassle reasons for not doing so, despite the latter being no hassle in reality.

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