JOB LOCATION CHANGE

JOB LOCATION CHANGE


       Changed Job Location

Federal tax laws allow you to deduct your moving expenses if your relocation relates to starting a new job or a transfer to a new location for your present employer. To qualify for the deduction, your new work location must be a sufficient distance from your old home and you must begin working shortly after you arrive.
You can deduct your moving expenses if you meet all three of the following requirements:

  • Your relocation relates to starting a new job or a transfer to a new location for your present employer
  •  Your new job is at least 50 miles farther away from your former home than your old job location was from your former home.
  • You must work full time for at least 39 weeks as an employee during the first 12 months after you are in the general area of you new job location.

       

       Deductible expenses

If you meet the requirements listed above you may be able to deduct the reasonable expenses of moving your household goods and personal effects and traveling to your new home.

If you use your car to take yourself, members of your household, or your personal effects to your new home, you can figure your expenses by deducting either:

  • Your actual expenses, such as gas and oil for your car, or
  • The standard mileage rate is 53.5 cents per mile in 2017.

In both cases you can also  deduct expenses for parking and tolls you pay during the move.

 


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