Tax Deduction of Moving Expenses

by Branko Spirovski

The cost of your moving expenses due to starting a new job or seeking work in another city can be deduct from income. Qualifying expenses include costs for packing and shipping your household goods and personal property, and costs for travel and lodging. Meals are not deductible as a moving expense.

Eligibility for this kind of tax deduction can be reached if some qualifications are met.

First, the movement must be because starting a new job. Second, some conditions about time and distance must be also met.

The new job must be full time for at least 39 weeks during the 12 months following the movement. If self-employed, the job must be at least 78 weeks in the 24 months after the movement.

The new job must be located at least 50 miles farther from old home than the distance between old home and old job.

If all of these requirements are met, the reasonable expenses of moving of the household goods and personal effects to the new home are deductible. The expenses of traveling to the new home, including lodging expenses are also deductible except meals which are not deductible.

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About the Author
Branko Spirovski