deductions: Moving Expenses CAN be deducted- - 03/30/11 06:57 AM
Moving Expenses Tax Deductions:
 
Type of Deduction: Above-the-line tax deduction (you don't need to itemize). Basics: If you moved to start a new job, or to seek work in a new city, you may be able to deduct the cost of your moving expenses from your income. Qualifying expenses include costs for packing and shipping your household goods and personal property, and costs for travel and lodging. Meals are not deductible as a moving expense. Limits: You can deduct the cost of moving expenses that exceed any reimbursements from your employer. You must meet the qualifications in order to claim … (0 comments)