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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).

Preparation And An Inventory Averts Trouble

  • Take down ceiling fans prior to Moving day. Movers will charge you for the cost of an electrician to do it.
  • Purchase enough insurance to over damage to especially valuable items, or transport them yourself separately. Movers may not pay for damage to items you pack yourself.
  • Hire a piano specialist to prepare your piano for the move. Service to a piano will add a hefty additional charge to your bill if the mover does it, and there's a greater chance of damage.
  • If you have many books, pack them yourself and mail them book rate to save significantly on the cost of your move.
  • Grandfather clocks should be dissembled by a clock specialist prior to Moving day.
  • Ask the mover to inventory your items and check the inventory carefully to be sure everything is included.
  • Check polished table tops and antiques for any existing damage (nicks and scratches) and note its exact location.
  • Note down the location of all existing damage (worn areas, pulls) to fabric on furnishings.
  • Disconnect the water to the washing machine and refrigerator and gas to the dryer and range prior to Moving day to avoid a surcharge.
  • Confirm on the inventory that all goods with moveable parts are fully operational prior to the move.

Eliminate Rather than Relocate

While you're organizing or Packing for your move, sift and sort. Use a heavy hand toward the trash can, and let common sense be your guide.

Have a Garage Sale

If you are like most people, you have in your possession many items you really have no use for anymore. Sponsor a garage sale before your move to give yourself a little junk relief! You just might raise enough money to pay for your Moving expenses! Remember, one man's junk is another man's treasure! If you don't need it, unload it. Rule of thumb: if you haven't used it in the last 12 months get rid of it.

Ignore the "I Might Need It Someday" Syndrome

Don't move the riding mower to an apartment. Part with tools you won't have a place to use. And remember, junk is junk. You don't need a furnished attic.

Donate to Your Favorite Charity

Itemize the items and keep a receipt. It may help you qualify for a tax deduction.

 


 

 

 

 

 

 

 

Packing Tips

 

Packing Tips

Although the decision of moving your home can be exciting, packing is something most of us dread. By using our guide, you will feel more secure in knowing that your possessions will get to your new address in one piece. Once you're there, you'll be able to find everything when the time comes to unpack and get settled.

 

Get Things in Order
Your move will be easier and smoother if you do a good job of pre-planning. Here are several handy tips to help you get started.
1. Always create a thorough and complete inventory of what you will be moving to your new address.
2. Don't forget to photograph or videotape any unique or valuable belongings.
3. It's also wise to make a note of the serial numbers on your electronic equipment.

What You'll Need
Before you can start packing, you'll need to have the following materials:

  • Strong Boxes.
  • Wardrobe Boxes with Hanger Bars.
  • Packing Tape.
  • Bubble Wrap, Newspaper, Wrapping Paper, and Tissue Paper.
  • Ziploc Bags.
  • Magic Markers. 
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
Read More Here >>

* 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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