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Tax Deductible Moving Expenses

moving-expensesSince we're in prime moving season, here's a friendly reminder that if you're moving due to a change in your job or business location, you may be able to deduct your reasonable moving expenses on your tax return, provided you meet all three of the following requirements:

  • Your move is closely related to the start of work
  • You meet the distance test (at least 50 miles farther)
  • You meet the time test (if you're employee, you must work full-time for at least 39 weeks during the first year)

If you are a member of the armed forces and your move was due to a military order and permanent change of station, you do not have to satisfy the "distance or time tests."

Reasonable moving expenses include the transportation and storage of your household items, as well as your travel to your new home, excluding meals. For more details, visit this page on the IRS site, and as always, be sure consult with your tax advisor.

Welcome to the neighborhood!

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