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Top Job Seeker Tax Deductions

Job Seeker Tax Deductions

Traveling to job interviews. Dry-cleaning your best suit. Printing resumes on quality paper. Working with a job search coach. If you engaged in any job search activities in 2016, you may be able to deduct the related expenses from your taxes.

One of the most important things to note about job search tax deductions, is that they are only tax deductible if you’re looking for a new job in the same occupation. If your job search is an attempt to switch careers, your expenses are not deductible. For example, if you’re transitioning from a print journalist to a web journalist, your expenses may still be deductible. But if you’re making the leap from a zoologist to an accountant, probably not.

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How to Create a Budget for a Trip Abroad

Saving Before a Trip

Budgeting for a trip seems easy, right? You just need to save a bunch of money and divide it into 3: food, flights and hotels. But what about those cool activities you want to try or figuring out how to get from A to B? There are a lot of little incidentals that go into budgeting for your vacation and it can be incredibly overwhelming. With this guide, you won’t miss a single detail!

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Figure Out What You Need

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When creating your budget abroad, you need to know where your money is going. Sure flights, accommodation and food will be expensive, but where is the rest of your money going? When creating your budget, you’re going to need to include the following items:

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Mint Money Audit: 4 Steps for Getting Out of Debt Once and For All

Get out of debt once and for all

March Mint Audit: Samantha, mom of two, struggling to pay off $41,000 in credit card debt

Samantha contacted me recently to ask how she and her husband could squash their $41,000 in credit card debt once and for all. She works as a media trainer for executives. Her husband works for the city government. Together they earn an annual net income of about $100,000 (after taxes, retirement savings and health insurance).

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Using Your 401k to Reduce Taxable Income

TurboTax 401K

As you file your taxes, you’re probably thinking about ways to reduce your taxable income. Did you know that there are a lot of strategies you can use with your retirement funds, like your IRA and 401(k), to reduce your taxable income? Save for the future and save in taxes today – that’s a win-win situation.

We’re early in 2017, and there’s still time to make some retirement maneuvers to lower your 2016 tax liability (as well as steps you can take to reduce your tax liability next year):

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6 Wise Strategies to Manage Extra Money From a Pay Raise

Congratulations on your pay raise or bonus. Now it’s time to get serious about how to use that extra money to improve your finances.

Before you’re tempted to spend a windfall on something frivolous, consider how it could be used to create more financial security instead. In this post, I’ll cover 6 strategies to wisely manage extra money so you don’t fritter away an exceptional opportunity to improve your finances and build wealth.

6 Strategies to Manage Extra Money Wisely

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5 Ways to Cut Your Grocery Bill

No matter how much you trim the extras out of your budget, there’s one category you can never cut out altogether:food. We all need to eat, but it is possible to stretch your grocery budget and do more with less when it comes to shopping for food. Of course, we all know not to go shopping when hungry and to make a shopping list and stick to it. But there’s so much more you can do to cut your grocery bill. See how many of these ideas you’ll want to try:

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