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Tax Deductions

Did you know that some of the expenses of moving are tax deductible? If you'd like to get any of the following expenses claimed against your tax, read on and see if you qualify.

  • Cost of transportation or hauling from old to new residence.
  • Cost of packing, crating and unpacking.
  • Cost of shipping your car.
  • Cost of moving the pets.
  • Cost of the trip to the new residence which includes lodging but not meals

Take into account that these deductions must not be excessive amounts, but the real question is, do you qualify for the deductions? All taxpayers are eligible, even if they don't file itemized returns, as long as you are:

  • Moving to a new residence for the purpose of employment, whether it be as an employee or self-employed.
  • Moving to a new job, at least 50 miles farther from your new residence than your old job location.
  • A full-time employee and employed within the vicinity for at least 39 weeks of the first 12 months of occupancy.
  • A self-employed individual, who will work in the new location for at least 78 weeks during the first 24 months following the move, of which 39 weeks must be within the first 12 months.
  • Moving to a foreign country, or for military service (These options fall under special limitations, so it's best to consult a professional tax advisor before claiming them).

Read more...

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Last Minute Move

IMPORTANT THINGS TO REMEMBER

 

* Notify the post office that you are moving and Notify other institutions:
Electric 
Bank/Finance Companies
Credit Card Companies
Department of Motor Vehicles

State/Federal Tax Bureaus
Social Security Administration
Gas Company
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* Prepare a list of friends, relatives, business firms and others who should be notified of your move. The following checklist will be helpful

 

Long Distance Move

Corporate Move, Business Move

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