Topic 455 - Moving Expenses
If you moved because of a change in your job location or because you started a new job, you may be able to deduct your moving expenses if your move is closely related to the start of work. To qualify for the moving expense deduction, you must meet both the distance and the time tests, unless you are a member of the armed forces and your move was due to a permanent change of station.
Your move will meet the distance test if your new main job location is at least 50 miles farther from your former home than your old main job location was. Use the shortest distance of the most commonly traveled routes between these points. To determine this, first figure the distance between your former residence and your new job and then subtract the distance between your former residence and your old job. If the result is 50 miles or more, you have met the distance test. For example, if the distance from your former residence to your new job is 70 miles and the distance from your former residence to your old job is 5 miles, you will meet the distance test.
The second test concerns time. If you are an employee, you must work full–time for at least 39 weeks during the 12 months right after you move. If you are self–employed, you must work full time for at least 39 weeks during the first 12 months and for a total of at least 78 weeks during the first 24 months after you move. There are exceptions to the time test in case of death, disability and involuntary separation. For more information if you qualify to deduct moving expenses please refer to Publication 521.
If you meet the requirements, you can deduct the reasonable expenses of moving your household goods and personal effects to your new home. You can also deduct the expenses of traveling to your new home, including your lodging expenses. You cannot, however, deduct meals.
Moving expenses are figured on Form 3903 (PDF) and deducted as an adjustment to income on Form 1040 (PDF). You cannot deduct any moving expenses that were reimbursed by your employer.
For additional information, refer to the Form 3903 (PDF) Instructions and Publication 521, Moving Expenses.
By the sound of it the Standard deduction would be your best bet. as none of the expenses are deductable elsewhere on the Tax form.
2007-01-28 05:53:40
·
answer #1
·
answered by Anonymous
·
0⤊
0⤋
Moving expenses do not appear on Schedule A as an itemized deduction. Moving expenses are adjustments, which means they are deducted from gross income to come up with adjusted gross income. If you don't qualify for moving expenses under the time AND distance test, then you don't get to deduct any of it. You can't shift expenses related to a move to be claimed on Schedule A as something else.
2007-01-28 05:59:43
·
answer #2
·
answered by jseah114 6
·
0⤊
1⤋
no you can only deduct moving expenses if you moved at least 50 miles further than the distance from your old home to your old job. For example, you used to live 20 miles away from you job and you moved to a new place for a new job and it is 70 miles away from your old home, you can deduct it because its 50 miles further (70 miles minus the 20 is 50). Also because it was only moving closer to your place of work you cant deduct the moving expenses anywhere on your return. Sorry for the bad news.
2007-01-28 05:55:13
·
answer #3
·
answered by emeraldsky21 2
·
0⤊
1⤋
If your move got you "slightly" closer to work, then it probably doesn't qualify. It sounds like you already checked that out and know that it isn't.
You take either the standard deduction OR your itemized deductions. You can't take the standard and ALSO itemized deductions - that's what the standard is for.
2007-01-28 06:42:50
·
answer #4
·
answered by Judy 7
·
0⤊
1⤋
Unless you itemize deductions there's no way to claim the charitable deductions.
Unless your move was in conjunction with a job change and your new job is at least 50 miles farther than your previous commute was you're not eligible for that. There are also time requirements that must be met in order to qualify. Here's a link with more details: http://www.irs.gov/taxtopics/tc455.html
2007-01-28 06:06:30
·
answer #5
·
answered by Bostonian In MO 7
·
0⤊
1⤋
I think you just have to take the standard....unless you can inlfate your expenses enough to itemize..but that's a lot
2007-01-28 05:51:53
·
answer #6
·
answered by Anonymous
·
0⤊
1⤋