With the new tax law passed in December 2017, job search expenses are no longer tax deductible, even for filers who itemize. This is a significant change, and your clients may not be aware of it.
>> Did you know unemployment benefits are taxable and may subject recipients to the need to file quarterly estimated taxes?
>> Do your clients know the this ONE mistake that could cause them to pay up to half their retirement account balance in taxes and penalties?
This Pass-Along Materials guide also outlines tax issues related to unemployment. The guide can be posted in its entirety, or excerpted and can be used as a blog post, posted on your website, or included in a newsletter or e-newsletter.