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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.

 


 

 

 

 

 

 

 

Changing your Address


Change of Address? Don't stress. Do it online >>

Changing your address isn’t the hardest part of moving (at least compared to lugging your grand piano down three flights of stairs), but making sure everyone who needs your new address has it isn’t as easy as you might think. Unless you fill out an official US Post Office change of address form, your mail won’t follow you to your new address. And unless you remind yourself to mail out change of address cards to all the companies you do business with, your magazine subscriptions will be worthless in a few months.

Of course, that’s all common sense. But did you know you don’t have to go down the post office to get the change of address form? Read over the following tips to make sure that when you move your mail will be moving with you:

  • Before you’ve even begun your relocation, head down the post office and take a minute to fill out the US postal service’s official change of address form (also known as PS form 3575; if you don’t see them out, just ask a clerk).

     

     

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

 

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