Does a student's moving costs count as a tax deduction??

Question

We are trying to file our tax returns and we moved out of state for school, does this count as a work-related moving cost on your tax filing?

I am getting paid a stipend because I am a graduated student, I have to work as a Teachers Assistant to get the stipend.....I believe that counts as a job. I did work full time before I moved for school.

Answer 1

No, that does not qualify for the moving expense deduction.

To qualify the move must be due to a job change. Additionally you must work full-time at the new job for at least 39 weeks in the 12 months immediately following the move.

Your move is primarily for educational purposes and therefore does not qualify.

Answer 2

If you are able to file, meaning you earned income from an employer, you can deduct moving expenses. It does not require a reason for moving. When it does I will know it's all over for sure.

Answer 3

No, only job moves, not school moves, give a moving expense deduction.

Answer 4

based upon your earnings, I heavily doubt that an furnish in Compromise could be time-honored. whilst certainly one of those is filed, the IRS determines how lots your funds could be and consistent with specific figures. for occasion, the IRS might say that your housing fees for a kinfolk of two human beings shouldn't exceed $a million,000 consistent with month (no longer an truthfully parent; the quantity relies upon on the place you reside). it is not suitable in the experience that your housing fees are quite $1500 a month; the IRS's place is which you will desire to sell your belongings and circulate right into a house that's in the factors. added, the IRS does no longer evaluate credit card charges in any respect; interior the debt pecking order the IRS constantly comes first. My advice is which you enter into an installment settlement with the IRS. they are going to be waiting to paintings with you on the month-to-month fee...yet you're literally going to might desire to regulate your withholdings so as that this does not reoccur lower back next twelve months. in case you could't locate the money for it, you could desire to look extra heavily at your residing fees. perhaps your contemporary house is extra desirable than you could locate the money for... yet another concept: have you ever considered submitting financial ruin? this may not erase the IRS debt yet could help with the credit enjoying cards. And yet another 3: Did you declare the loss out of your apartment belongings, including depreciation? that would desire to offset fairly your earnings and decrease your tax. are you able to strengthen the lease on your tenant? Will the industry settle for slightly extra lease? in case you in ordinary terms strengthen it by $25-50 a month which will furnish help to and a small quantity like this could no longer reason your tenant to incur the fee to bypass. have you ever considered taking a private loan out of your 401(ok)? you quite might desire to sit down down with a tax or financial expert as quickly as you could locate the money for to hire one. At your earnings point, you could have lots of disposable earnings.

Answer 5

No

Answer 6

No, it does not.