My wife and I moved from Virginia Beach to Ohio last spring for a job related transfer. Her company gave us 25k for the move which is reported on her W2. Can I also deduct the money we spent for the move on my taxes as I itemize? I checked irs.gov and I do qualify for the deduction based on the mileage test. Thanks for any help.
2007-02-03 00:44:22 · 2 answers · asked by Brian M from Ohio 1 in Business & Finance ➔ Taxes ➔ United States
Use form 3903 when completing your tax return. If the employer was paying for qualified moving expenses they should not have put that in the W-2. The W-2 should only include non-qualified expenses that the employer paid you for.
If you follow the form you will get to deduct the costs of moving as a deduction in arriving at adjusted gross income.
2007-02-03 01:48:11 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
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2007-02-03 09:01:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋