My family moved more than 300 miles to a new home. Since we had twins born last year and a four year old, we needed help and my in-laws live near us now. My wife has found a job as an RN, which is what her previous position was as well. Are we allowed to claim the moving expenses on our taxes or does that apply only for certain circumstances which we don't qualify for? Thanks in advance.
2007-03-29 04:21:10 · 4 answers · asked by Chris F 2 in Business & Finance ➔ Taxes ➔ United States
You can claim moving expenses if the move was required due to a job change. The timing of the move and the start of the new job must be closely related. The IRS defines that as moving within one year of the start of your work.
You must also work full-time for at least 39 weeks in the 12 month period immediately following the move.
Here's a link to IRS Pub 521 that goes into all of the details: http://www.irs.gov/pub/irs-pdf/p521.pdf
2007-03-29 04:36:45 · answer #1 · answered by Bostonian In MO 7 · 4⤊ 0⤋
Yes you can claim moving expenses. I have done it several times in my career. There is a special form, can't remember the number that you will need to fill out.
Try the I.R.S. web site they will have it.
2007-03-29 11:30:51 · answer #2 · answered by ? 7 · 0⤊ 0⤋
sounds good, go for it. line 26 on 1040 and form 3903, topic 455
2007-03-29 16:00:57 · answer #3 · answered by Kenshin 5 · 0⤊ 0⤋
Call the IRS help line. I believe you can claim the deduction of the move was for employment purposes. Since your move wasn't related to employment, I doubt if you can.
2007-03-29 11:30:50 · answer #4 · answered by Fordman 7 · 0⤊ 4⤋