Welcome!

Cognitive Computing Authors: Pat Romanski, Elizabeth White, Yeshim Deniz, Liz McMillan, Shelly Palmer

News Feed Item

CareerBuilder and Liberty Tax Service Share List of Job Search and Work Expenses You May be Able to Claim on Your Taxes

- New Survey Reveals How Many Workers May Be Missing Out on Extra Dollars in Their Refunds and How They Plan to Spend Them -

CHICAGO, April 11, 2012 /PRNewswire/ -- Did you know you may be able to write off resume paper and travel to job interviews?  How about steel-toe boots for work and home office furniture?  A new nationwide study from Liberty Tax Service and CareerBuilder found a significant number of U.S. workers may not be maximizing their tax refunds with only one-in-five (20 percent) reporting they have claimed work-related expenses on their taxes.  Only 7 percent have claimed job search expenses.  The national study, conducted by Harris Interactive© from February 9 to March 2, 2012, included 6,000 workers across industries and company sizes. 

Eligible Job Search Expenses
When asked if they thought certain job search expenses would qualify for tax refunds, at least three-out-of-four workers were not aware that you may be able to claim professional resume-writing services and resume paper.  While more than half didn't know travel to and from job interviews may be claimed, the majority of workers were aware that costs associated with relocating for a job may be tax deductible.

Number of workers who didn't know you could potentially claim the following job search expenses:

  • Professional resume-writing service – 78 percent
  • Resume paper – 84 percent
  • Travel (parking, tolls) to and from job interviews – 57 percent
  • Relocation to another city or state for a job (moving trucks, travel, temporary housing, etc) – 38 percent

 

"Documenting the costs of a job search may deliver a tax break whether it results in a new position or not.  Job search expenses may be deductible when, totaled with employee expenses and other miscellaneous deductions, they exceed 2 percent of adjusted gross income," said John Hewitt, CEO of Liberty Tax Service. 

Eligible Work Expenses
While most workers understood uniforms, safety gear and home office equipment or phone/Internet service may be tax deductible, at least half were not aware certain travel expenses and home office furniture could potentially be claimed depending on one's work situation. 

Number of workers who didn't know you may be able to claim the following work expenses:

  • Uniforms – 37 percent
  • Steel-toe boots for work – 42 percent
  • Safety glasses for work – 44 percent
  • Travel to see clients – 50 percent
  • Travel to work at different locations – 53 percent
  • Home office equipment – 38 percent
  • Home office phone/Internet services – 40 percent
  • Home office furniture – 59 percent

 

"Home office expenses may be claimed if you exclusively and regularly use your home office as your principal place of business and/or meet other requirements.  It's important to be aware of the criteria for any eligible work-related expense, so you can appropriately maximize your return," said Hewitt.    

Eligible Education Expenses
Continued education is another area workers can often overlook when filing their taxes.  Just one-in-five (23 percent) have claimed their education expenses on their tax return and more than half (55 percent) were not aware that going back to school for new skills in their current occupation may be tax deductible. 

"With so many workers transitioning to faster-growing industries post-recession, we see greater investments in acquiring new degrees and certifications," said Rosemary Haefner, Vice President of Human Resources at CareerBuilder.  "If you're not researching which educational or career-related expenses are tax deductible, you could be leaving money on the table." 

More than half of workers (58 percent) file their taxes in January or February, 28 percent typically file in March and 14 percent file in April or later. 

How will workers spend their tax refunds? 
Most plan to pay off debt or put the money into savings.

  • Pay off bills – 41 percent
  • Put into savings – 34 percent
  • Make home improvements – 11 percent
  • Go on vacation – 9 percent
  • Invest it – 7 percent
  • Pay back money they owe to people – 5 percent

 

Survey Methodology
This survey was conducted online within the U.S. by Harris Interactive© on behalf of CareerBuilder and Liberty Tax Service among 6,000 U.S. workers (employed full-time, not self-employed, government and non-government) between February 9 and March 2, 2012 (percentages for some questions are based on a subset, based on their responses to certain questions). With a pure probability sample of 6,000, one could say with a 95 percent probability that the overall results have a sampling error of +/- 1.27 percentage points.  Sampling error for data from sub-samples is higher and varies.

About Liberty Tax Service  
Liberty Tax Service is the fastest growing retail tax preparation company in the industry's history, with over 4,200 offices in the United States and Canada. Founded by CEO John T. Hewitt, Liberty Tax Service has prepared over 9,000,000 individual income tax returns.  With 42 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service.  Each office provides computerized income tax preparation, electronic filing, and online filing through eSmart Tax. Liberty Tax Service has been ranked on Entrepreneur magazine's annual "Franchise 500" every year since 1998.  

About CareerBuilder®
CareerBuilder is the global leader in human capital solutions, helping companies target and attract their most important asset - their people. Its online career site, CareerBuilder.com®, is the largest in the United States with more than 24 million unique visitors, 1 million jobs and 45 million resumes. CareerBuilder works with the world's top employers, providing resources for everything from employment branding and data analysis to recruitment support. More than 10,000 websites, including 140 newspapers and broadband portals such as MSN and AOL, feature CareerBuilder's proprietary job search technology on their career sites. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company and The McClatchy Company (NYSE:MNI), CareerBuilder and its subsidiaries operate in the United States, Europe, Canada and Asia. For more information, visit www.careerbuilder.com.

Media Contacts:

CareerBuilder
Jennifer Grasz, Vice President of Corporate Communications
773-527-1164
[email protected]
http://www.twitter.com/CareerBuilderPR

Liberty Tax Service
Martha O'Gorman, Chief Marketing Officer
(800) 790-3863 ext. 8022
[email protected]

SOURCE CareerBuilder; Liberty Tax Service

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which in...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assis...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo Silicon Valley Call for Papers is now open.
As cloud adoption continues to transform business, today's global enterprises are challenged with managing a growing amount of information living outside of the data center. The rapid adoption of IoT and increasingly mobile workforce are exacerbating the problem. Ensuring secure data sharing and efficient backup poses capacity and bandwidth considerations as well as policy and regulatory compliance issues.
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...