Many families choose to move during
the summer when the children are on summer vacation from school. Did you and your family recently move to a
new location because you started a new job or relocated in your current
one? You may be able to claim tax
benefits if you’re about to move or you recently moved to a new place that’s
farther than 50 miles from your previous location.
You are only eligible to claim these
moving expenses if you moved within 12 months of our start date at the new
job/location. Also, you must work
full-time for 39 weeks during the first 12 months after you arrive in town at
your new job location. If you’re
self-employed, you much work 78 weeks during the first 24 months.
The following moving expenses are tax
Travel: This inlcudes transportation,
mileage, airfare, parking fees, tolls, and/or hotel/lodging expenses.
Cost of packing, crating, and
transporting household goods or property.
can deduct expenses for connection and/or disconnecting utilities.
Keep in mind that if your employer
reimburses you for the cost of the move, you may need to include that
reimbursement on your tax return.
Don’t forget to tell the IRS and the
SSA about your move!