What Moving Expenses Can I Claim as Tax Deductions?

Moving Expenses Claimed as Tax DeductionsBefore determining which moving costs might be tax deductible, you must first determine if, in fact, your move counts as a “qualified move,” according to the IRS. There are several criteria that must be met in order for this to be the case. First, the move must be in close proximity to the start of a new job. Also, the distance from your new job to your old residence must be 50 miles longer than the distance from your old residence to your old job. Finally, you must work at least 39 weeks out of the first 12 months while employed at your new job to qualify.

After determining that your move is in fact a “qualified move” according to the IRS, you can refer to the following list to determine which expenses are tax deductible:

  • Moving and in-transit storage of household items and personal effects
  • Moving of automobiles and pets
  • Some travel expenses including gas and lodging
  • House-hunting expenses, temporary living, car rental, and more

Tax deductions for moving expenses are a great way to save money. Another way is to hire a reputable moving company to complete your relocation, minimizing the stress of the moving process. For that, you can simply look to the experts at Atlantic Relocation Systems. We make every aspect of moving easy by assigning your move a relocation coordinator and a team of experienced professionals who work together to make sure everything is done right and in a timely fashion.

To learn more about what makes us such a great moving company, contact Atlantic Relocation Systems today and request a free quote.