What Moving Expenses Can be Claimed?

What Moving Expenses Can be Claimed?

An exciting prospect to consider when relocating your family is the ability to claim your moving expenses as tax deductibles. However, the tax laws surrounding moving services and other related expenses can be a bit complex. So, before you determine which What costs might be deductible, it’s crucial to determine whether or not your move will be considered a “qualified move” by the IRS. There are a few criteria that must be met, including:

  • Your relocation must be in close proximity to the start of a new job
  • The distance from your old residence to your new job must be at least 50 miles longer than your commute before the move
  • While employed at your new job, you must work 39 weeks out of the first 12 months

Once you’ve established that your move is a “qualified move,” according to the IRS’s regulations, you can refer to the list below to see which costs you can claim, including:

  • Travel expenses such as lodging and gas
  • The relocation of pets and automobiles
  • House-hunting expenses
  • Temporary living arrangements
  • Rental cars
  • The moving and in-transit storage of household items and other personal effects
  • And much more

Hiring a reliable full-service moving company is another expense you can deduct. The experts at Atlantic Relocation Systems have been the go-to, full-service moving company of choice for decades. By assigning you a relocation coordinator and a team of extremely qualified and practiced movers, we make every aspect of your relocation as stress-free as possible.

To learn more about our full-service moving team, contact Atlantic Relocation today and request your free quote.