Moving Tips
Moving Expenses
H&R Block's Online Tax Products.
Publication 521:
Moving Expenses:
http://www.irs.gov/formspubs/...
Download Publication
521:
http://www.irs.gov/pub/irs-pdf/p521.pdf
Download Moving-Expense
Form:
http://www.irs.gov/pub/irs-pdf/f3903.pdf
Deductible
Moving Expenses
If you're not being reimbursed for moving costs
(by your employer), you can deduct the expenses
when determining your federal adjusted gross
income.
What you can
deduct:
-
the cost of transportation or hauling from
your old residence to your new one
-
the cost of packing and crating and unpacking
-
the cost of storage-in-transit (limited to 30
consecutive days) and valuation (limited to 30
consecutive days)
-
the cost of shipping your car
-
the cost of moving your household pets
-
the cost of moving your personal belongings
from a place other than your old residence
(i.e. summer home, relative's home, etc.)
-
the family trip to the new residence (this
includes lodging, but not meals)
-
you may not deduct expenses in
excess of a reasonable amount.
Who Qualifies
All taxpayers are eligible to deduct moving
expenses, even if they don't file an itemized
return. You must, however, meet these
qualifications:
-
You're moving to a new principal residence to
work as an employee or as a self-employed
individual at a new principal place of work.
-
Your new job is at least 50 miles farther from
your former residence than your old job
location.
-
You're a full-time employee in the general
vicinity of the new job location for 39 weeks
must be in the first 12 months.
-
If you're self-employed, you must continue to
work in the new location (as a self-employed
person or as an employee) for at least 78
weeks during the 24 months following the move,
of which at least 39 weeks must be in the
first 12 months.
-
Foreign moves and moves by military personnel
are subject to special limitations. If you
fall under this category, consult a
professional tax advisor.
Resources
IRS Problem Solving Line 1-800-829-1040
IRS Publication 521 Moving Expenses
|
