Moving Costs
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Answer Tax QuestionsWhat moving costs are deductible as an employee?
Asked Monday, February 06, 2012 by an anonymous user
If you meet certain tests- the distance test ( your new job location is 50 miles or more from your old home) and time test ( you work full time as an employee for at least 39 weeks at the new location) :
1.Traveling related costs incurred by you or your family, moving from the old home to the new location are deductible. This includes lodging, your auto expenses if you drive, airfare, parking and tolls. Family members may move on separate dates and they are all deductible
2. Costs of moving your household items like furniture, shipping your personal goods are deductible.
1.Traveling related costs incurred by you or your family, moving from the old home to the new location are deductible. This includes lodging, your auto expenses if you drive, airfare, parking and tolls. Family members may move on separate dates and they are all deductible
2. Costs of moving your household items like furniture, shipping your personal goods are deductible.
Can I claim a moving expense for moving out of the US to Japan ?
Asked Wednesday, December 20, 2000 by an anonymous user
Yes. A moving expense deduction is permitted in connection with a move outside the US or its possessions. An additional deduction is allowed for foreign moves for reasonable expenses of moving household goods and personal effects to and from storage and of storing them for part or all of the time during which the new place of work abroad continues to be a taxpayers principal place of work.
Can I claim a Moving Expense deduction for my move to a new job location that is 45 miles away?
Asked Friday, October 27, 2000 by an anonymous user
An employee or self-employed individual may deduct as an adjustment to gross income the costs of moving him or herself and his or her family from one location to another. The move has to be related to starting work in a new location and the amount claimed has to be reasonable. In order to claim this deduction the distance between the new job location and your old house location must be at least 50 miles or more than the distance between your old job location and your old house. Also you must work in a locality of the new job as a full time employee for a tleast 39 weeks during the twelve month period immediately following your arrival at the new job location. The deduction is claimed on IRS Form 3903.
Are my pre move house hunting expenses deductible as a Moving Expense ?
Asked Friday, October 27, 2000 by an anonymous user
No. Your pre-move house hunting expenses, temporary living expenses or expenses of selling, purchasing or leasing the old or new residence, are not deductible as moving expenses. Any meal costs while traveling to your new residence are not deductible.