Tax Deductions for those Desperately Seeking a Job
your displaced workers get back to work more quickly is more than just good corporate
citizenship. Supporting them in their
job search can actually have a positive impact on a company’s bottom line in reduced
unemployment costs (see “Do
You Have a Reemployment Strategy?”).
of the things we recommend is pulling together as much information as possible to
let your exiting employees know about programs and support in their area that they
might want to take advantage of. Let’s
face it, most of today’s unemployed workers haven’t looked for a new job in years,
the average being 4-7 years in fact, so they really aren’t on top of what it takes
to search for a new job.
is a lot of churn in today’s marketplace and while quite a few workers are turning
to new industries and opportunities, some are still able to find new work within their
current trade or business. For those
workers, employers may want to pass along the news that certain job
search expenses may be deductible for income tax purposes.
this knowledge won’t help them in their job search, it could help reduce the monetary
burden of the search.
This weblog is sponsored by TALX.
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