November 3, 2022
What are some tax deductible moving expenses?
This is largely dependent on the countries involved, however as a general rule the following things can be claimed.
- Cost of shipping a car
- Cost of lodging while en route to your new residence
- Cost of moving pets
- Shipping, crating, and unpacking costs
- Transportation and hauling from your old property to your new one
Your eligibility for these cost-saving measures often hinges on the following qualifications:
- You are moving to start a new job
- You are moving to a foreign country or are in the military
- You are self-employed and intend on working for at least 78 weeks during your initial 24 months. In addition, 39 of those weeks must be within the first year.
- You work full-time and will be working for 39 weeks during your first year in the vicinity of your new home.
- Your new job will be at least 50 miles further away from your new residence than your previous job