Can Moving Expenses Be Deducted?

The tax laws that govern the taxability of moving expenses are, as you would expect, rather complex. While there are certain moving expenses that qualify as tax deductible, there are others that must be taxed and cannot be claimed as a deduction on your return.

The following requirements must be met for a moving expense to be considered tax deductible:

• The move must be determined to be a “qualified move” by the IRS. This means that it must be proved that the relocation is due to the start of a new job and that the commute to your old job must be 50 miles greater than your new commute. You must also work a minimum of 39 weeks over the next 12 months to qualify.
• The expenses must fall into certain categories such as the transportation and in-transit storage of personal effects, automobiles, and pets. While some travel expenses like gas and lodging qualify, others like food do not.

Since you will not be paying tax on the moving services themselves, you may opt to go with a moving company instead of taking on the task yourself. In that case, you can simply turn to the pros at Atlantic Relocation Systems. We can make moving smooth and easy for you by proving a relocation experience that is tailored to your every need. This includes assigning you a personal moving coordinator and a team of experienced relocation specialists who can get the job done right.

Contact Atlantic Relocation Systems today to schedule a free, on-site price estimate.