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 immediately after leaving your former home.
            You can also include the traveling cost to the new location for yourself and other members of your household. If you drive to the new location in a personal vehicle, you can include the actual cost of oil, gasoline, parking fees and highway tolls. For long-distance moves, you can deduct the cost of airline and train tickets.
            ONE IMPORTANT THING : Keep all your moving expenses records and receipts for at least three years.
            Updated: 09 Feb 2015 11:09 AM
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