Tax Help for the UnemployedPublished:
Are you unemployed? If so, there are many tax strategies that you may want to consider following. Understandably, this is a tough time in your life and you do not want to make things worse by owing additional money to the IRS. Any tax strategy that can help lower your tax liability is one that you should definitely look into.
There are several tax strategies that unemployed people should consider, including unemployment compensation, tax deductions for job hunting expenses and/or moving expenses related to new employment, as well as utilizing certain applicable credits.
Unemployment often times leads to financial distress. Although your income may have changed, you should consider the various tax strategies that can help better your situation.
For more information about this topic, please see the following articles: