Q. My son graduated from college in May. Can he deduct travel expenses to job interviews? N.W., Syracuse, N.Y.
A. Generally, no. The tax law allows you to write off job-hunting expenses—including travel costs associated with going on interviews—only if you’re seeking a job in the same profession. However, as unfair as it seems, you can’t deduct the cost of a job search if you’re switching your industry or profession or you are applying for your first job out of school without having established a profession. In these situations, job-hunting expenses are deemed to be personal nondeductible expenses.
Tip: When job-hunting expenses are deductible, they must be claimed as miscellaneous expenses subject to the 2%-of-AGI deduction threshold for miscellaneous itemized deduction items.