April 3rd, 2015 - 8:43 AM
How to deduct moving expenses
If you moved for work in 2014, you may be eligible to deduct your moving expenses when you file your 2014 return. To determine if your move qualifies, there are some requirements you’ll need to have met. So, let’s start by covering some basic information about moving and tax deductions, then dive into some more detailed questions you may have about what is and isn’t tax deductible.
What moving expenses are tax deductible?
Does Your Move Qualify for Deductions?
Before you put pen to paper, it’s important to make sure you meet the requirements to deduct your moving expenses. Wouldn’t want any surprises when you file, right?
According to the IRS Topic 455, you can deduct moving expenses “If you moved due to a change in your job or business location, or because you started a new job or business.”