Mt. Vernon - Mt. Juliet HomesRE/MAX Carriage House, Mt. Juilet Homes for saleProvidence Del WebEddie Rockensock

Tax Deductible Moving Expenses

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Moving is generally expensive so utilize this opportunity to save money. Certain moving and relocation expenses are tax deductible. As tax regulations frequently change, please check with your local tax advisors for the latest information on qualified deductions. Remember to keep all receipts to verify your expenses.

The following information is for general reference only and details might vary for your specific circumstances

According to IRS.gov you may be able to deduct reasonable moving expenses if you satisfy two tests. The distance test says your new job must be at least 50 miles farther from your old home than your old job location was from your old home. If you have no previous workplace, your new job must be at least 50 miles from your old home. The time test says that if you are an employee, you must work full-time for at least 39 weeks during the first 12 months and for a total of 78 weeks during the first 24 months after you arrive in the general area of your new work location.

What type of expenses qualify for deductions?

Please refer to IRS publication 521 for a complete list. Some things that qualify include:

  • Costs associated with packing, crating and transporting household goods and personal effects.
  • Cost of connecting or disconnecting utilities.
  • Cost of transportation and lodging for you and your household members.
  • Storage of household effects - for a limited time.
  • The standard mileage rate for travel by car or car travel expenses proven by receipt.
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