If your daughter needs orthodontia work, do it in the year where you know you can get the deduction. Otherwise, you'll be buying those braces with no empathy or sympathy from Uncle Sam. 4. Let the IRS subsidize your job search. Job hunting expenses are deductible. If you're out of work, or even if you're still employed but looking for a new job, all of your job hunting expenses are deductible as miscellaneous itemized deductions.
Creativity here can be rewarding.
For example, if you take a friend to lunch in an attempt to use him as a reference or referral, you can use the cost of the lunch as a job-hunting expense. Keep up with your investment expenses. Investment expenses also are allowed as miscellaneous deductions. Such expenses would include investment publications, payment for investment advice, calls to your broker and any other expenses related to the production of investment income. Rather than buy your investment newspapers and magazines at the newsstand, subscribe to them and use your check as the receipt.