MOVING EXPENSES
What Moving Expenses Are Deductible?
The deduction covers the reasonable expenses you incur to transport your personal and household items to your new home. You can even include the cost of renting a storage unit for up to 30 days if you are unable to move into your new home ...
What moving expenses are not deductible?
Moving expenses like pre-move house hunting expenses, meals expense while moving, repairs or maintenance of vehicle while moving, breaking lease to move to new home, lost of security deposits are not deductible moving expenses.
Who can deduct moving expenses?
Anyone who can meet all three of the following requirements can deduct your moving expenses Firstly, if your move closely relates to the work place Secondly, you have to meet the distance test that means your new work place must be at least 50 ...