Mar 23 2009
Job Hunting Expenses

If you are looking for a job in the same industry.

Searching for jobs:  tax preparation, investment, have to exceed 2%

if you are looking for a sales job and you are in sales you can deduct.

Deduct health insurance premiums.  Have to exceed 7% of gross

Stimulus checks – if you lost your job you can deduct $150k or less. $1200 for married, $600.  $300 for every child tax credit.

Earned income tax credit.

Recession Busting Tax Tips

Investors who lost money: No deductions

401k no claims

If you lost $3000 in capital losses, if you have more

IRS put out a notice on ponzi schemes, if you lost money, you can write it off as a theft.

Exclude foregiven

Home buyers credit 7500 – 8k. You have to pay it back.

If you buy now 2009, you can get.

Can’t pay your tax, call the irs and let them know.

Help for preparation of taxes.

Community centers.

Tax prep

Efile

forms you can fill out.

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