BOSTON (TheStreet) — The estimated 15.3 million Americans out of work could find relief this tax season if they know where to look for it.
For those on the job hunt, costs for preparing resumes, hiring a headhunter, legal advice, long-distance calls and travel can be itemized and deducted. For those who landed a new position in a different city last year, moving expenses can also be deducted.
The key to taking advantage of these tax breaks is saving receipts and records for the purchases.
"For a single taxpayer, this could mean a savings of as much as $240 in income taxes," says Mark Steber, chief tax officer for Jackson Hewitt
The federal Workers, Homeownership and Business Assistance Act of 2009 extended unemployment benefits by 14 weeks. In states where the unemployment rate is at 8.5% or higher, individuals will receive an additional six weeks of aid.
Not everyone will be able to recoup some of their losses by April 15. Freelancers and independent contractors are considered employed, if not gainfully so, if they earned more than $400.