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JOB-HUNTING EXPENSES MAY BE TAX-DEDUCTIBLE; PRICE WATERHOUSE OUTLINES WRITE-OFFS

 JOB-HUNTING EXPENSES MAY BE TAX-DEDUCTIBLE;
 PRICE WATERHOUSE OUTLINES WRITE-OFFS
 NEW YORK, Jan. 27 /PRNewswire/ -- If you are job hunting, you may be eligible for certain tax breaks for the costs associated with your search, according to The Price Waterhouse Personal Tax Adviser.
 Generally, you must be looking for a job in your present occupation or profession to be eligible for these breaks. You are entitled to the deduction even if you ultimately decide not to change jobs. However, if you decide to switch careers or are about to begin working for the first time, you miss out on the deductions.
 Here's a rundown of some expenses deductible to the extent you pay them and they are not reimbursed to you. The expenses are deductible if they, and all other miscellaneous deductions, exceed two percent of adjusted gross income for the year.
 -- The costs of career counseling.
 -- The costs of typing, printing and mailing your resume to prospective employers.
 -- Employment agency and headhunter fees.
 -- All other job search expenses -- from the costs of telephone calls to postage -- as well as travel expenses to and from an interview site.
 -- Dues paid to professional organization and unions that you join to network or obtain job leads.
 -- Subscription fees to professional and trade journals.
 -- The cost of employment-related education provided it enables you to maintain or improve your present work skills, (or, once you change jobs, provided such education is required by your employer or by law to retain your salary, job or status). Included among the deductible expenses are tuition, books, lab fees, supplies and the cost of travel to and from the course.
 The Price Waterhouse Personal Tax Adviser is part of the firm's three-volume Advisers Series. Other books in the series include The Price Waterhouse Retirement Planning Adviser and The Price Waterhouse Investors' Tax Adviser. The Advisers Series contains information to help readers enhance their own financial pictures and provides readers the information needed in these economic times when dollar counts. Published by Pocket Books, a division of Simon & Schuster, the books are available for $5.99 each in bookstores nationwide.
 -0- 1/27/92
 /CONTACT: Judy McMillan of Price Waterhouse, 212-790-4715 CO: Price Waterhouse ST: New York IN: FIN SU:


TS-TM -- NY034 -- 3632 01/27/92 10:24 EST
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Publication:PR Newswire
Date:Jan 27, 1992
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