Can you deduct any moving expenses and donations off your income taxes ???
2007-03-20 10:06:32 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
If you are moving for a job, you should be able to deduct these expenses.
According to the IRS, "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."
2007-03-20 10:15:46 · answer #1 · answered by kr 1 · 1⤊ 0⤋
If you are moving because of a new job, and your new job is at least 50 miles farther away from your house than your old job was, then you are allowed to deduct all the moving expenses. What you can't deduct are expenses that you would expect to incur in any move, like having the carpets cleaned in your old apartment, closing costs if you sold your house, closing costs or security deposit for your new location.
2007-03-20 17:29:03 · answer #2 · answered by Brian G 6 · 2⤊ 0⤋
Moving expenses related to work are deducted using Form 3903.
Donations are deducted on Schedule A and can be made as long as the total of all Schedule A deductions is more than your standard deduction ($5,150 single, $7,550 head of household, $10,300 married filing jointly).
2007-03-20 17:31:39 · answer #3 · answered by ninasgramma 7 · 2⤊ 0⤋
If your moving for employment reason, the move is tax deductible. Keep all receipts, even for a can of pop. Of course the move must be I believe more than 50 miles from your previous residence.
2007-03-20 17:11:22 · answer #4 · answered by Nana 4 · 1⤊ 1⤋
Yes but there are guidelines that one has to meet. In otherwords you have to move so many miles and such. Check with your Professional Tax advisor.
2007-03-20 17:20:59 · answer #5 · answered by Scott 6 · 1⤊ 0⤋
I think that varies from state to state. best bet is to contact your local tax agent and ask them it should be a free question
2007-03-20 17:13:54 · answer #6 · answered by help 1 · 0⤊ 2⤋