Are moving expenses tax deductible?

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[ARCHIVED THREAD] - Are moving expenses tax deductible?

Posted: 8/5/2005 9:05:31 AM EDT

Moved my girlfriend from Philladelphia back to Michigan last weekend. Penske truck rental (great truck and company........thanks for the advice on that one!!), fuel expenses, toll roads, etc.........

Should these expenses be kept or doesn't it matter? Thanks.

vmax84

Posted: 8/5/2005 9:08:42 AM EDT

[#1]

Generally speaking, if the move is > 50 miles, yes. Consult a tax advisor. When in doubt, keep all receipts.

Posted: 8/5/2005 9:11:44 AM EDT

[#2]

Your girlfriends name isn't Krystal is it?

Posted: 8/5/2005 9:49:04 AM EDT

[#3]

Quoted:
Your girlfriends name isn't Krystal is it?

Nope, you're safe.

vmax84

Posted: 8/5/2005 9:52:33 AM EDT

[#4]

Quoted:
Generally speaking, if the move is > 50 miles, yes. Consult a tax advisor. When in doubt, keep all receipts.

Only if it is required for a job.

Posted: 8/5/2005 9:55:34 AM EDT

[#5]

Quoted:
Quoted:
Generally speaking, if the move is > 50 miles, yes. Consult a tax advisor. When in doubt, keep all receipts.

Only if it is required for a job.

What if your place of employment goes under and you have to take a couple of filler jobs until you can move your family out to a good town/job?

Posted: 8/5/2005 9:56:34 AM EDT

[#6]

Quoted:
Moved my girlfriend from Philladelphia back to Michigan last weekend. Penske truck rental (great truck and company........thanks for the advice on that one!!), fuel expenses, toll roads, etc.........

Should these expenses be kept or doesn't it matter? Thanks.

vmax84

Deductible on form 3903, carried forward to the 1040 as an adjustment to income on line 29. Meals are not deductible, though. Mileage can be taken on any personal vehicles at 15 cents/mile . Lodging, truck rental, packaging materials, etc are all deductible.

And no, I didn't stay at a Holiday Inn Express last night.

Posted: 8/5/2005 9:58:17 AM EDT

[#7]

Quoted:
Quoted:
Quoted:
Generally speaking, if the move is > 50 miles, yes. Consult a tax advisor. When in doubt, keep all receipts.

Only if it is required for a job.

What if your place of employment goes under and you have to take a couple of filler jobs until you can move your family out to a good town/job?

Move is deductible generally if the moving expenses are related to starting work at your new job location.

Posted: 8/5/2005 10:44:03 AM EDT

[#8]

Thanks a lot.............as always, so much info from this place!!

vmax84

Posted: 8/5/2005 11:38:07 AM EDT

[#9]

Quoted:
Quoted:
Quoted:
Generally speaking, if the move is > 50 miles, yes. Consult a tax advisor. When in doubt, keep all receipts.

Only if it is required for a job.

What if your place of employment goes under and you have to take a couple of filler jobs until you can move your family out to a good town/job?

As I understand, moving to a good job town in the hopes of landing something isn't deductible. If you get the job first and then move, it would be. It has to be a requirement of your current employer.

Posted: 8/5/2005 11:42:20 AM EDT

[#10]

www.irs.gov/publications/p521/ar01.html

Posted: 8/5/2005 11:48:16 AM EDT

[#11]

Quoted:

As I understand, moving to a good job town in the hopes of landing something isn't deductible. If you get the job first and then move, it would be. It has to be a requirement of your current employer.

Not really - the time requirement is that you work for 39 weeks in the 12 months out of the following year to qualify, even if it's at different employers. Self-employed people qualify as well, with slightly different rules.

[ARCHIVED THREAD] - Are moving expenses tax deductible?

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