NotSoFair
Established Member
Joined: Dec 26, 2010 22:02:59 GMT -5
Posts: 426
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Post by NotSoFair on Nov 20, 2011 8:55:32 GMT -5
I think the answer to this question is going to be a 'No', but I will ask anyway.
I ended up paying a fee to a head hunter firm this year. I was unemployed for a good portion of 2011 and do not itemize. Can I take a deduction for this fee anywhere on 1040?
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Nov 20, 2011 9:17:24 GMT -5
the fee is related to "job searching" and would be an "itemized deduction" on schedule A, subject to the 2% of AGI limit....
so, if you do not itemize you may not gain a current year extra tax benefit.
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NotSoFair
Established Member
Joined: Dec 26, 2010 22:02:59 GMT -5
Posts: 426
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Post by NotSoFair on Nov 20, 2011 9:22:56 GMT -5
Thank you for the clarification.
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