Moving Companies Fairfax VA
Silver Spring, MD
Who Can Claim Moving Expenses with the IRS?
Not everyone who moves can deduct moving expenses when they file their income tax returns. Your move has to be work-related, meaning you changed job locations, started a new job, or moved to seek a new job and were successful in obtaining one.There are exceptions for retirees and survivors who are moving back to the U.S. from oversees.And there are (of course) conditions.The IRS calls these conditions “tests.” The “time” test, the “distance" test and the “work-related” test.The Work Related TestSay you pick up all your stuff and move. It isn’t actually necessary that you already have a job in the new location. If your moving expenses occurred within one year of the date you first report on the job in the new location, your move is “work-related.”So… what happens if you delay moving your family and household until 18 months after you start work because you want your son or daughter to finish high school at their old school?Well, the IRS isn’t entirely heartless. They make exceptions if you have a good reason.The Distance TestYour new job location has to be at least 50 miles further from your home than your old job location.For example, say you used to drive 15 miles to work from your previous home. That means you new job must be at least 65 miles away from where you used to live. Otherwise, you don’t meet the “distance” test.This doesn’t mean that you have to move 50 miles. All it means is that your new job must be 50 miles further from your former home than your old job.
Baltimore Certified Movers
Dates: 7/19/2011 – 7/30/2021
Baltimore Certified Movers Reisterstown
1007 Green Hill Farm Road
Baltimore Certified Movers provides top level of service, Personal care, Easy communication. Best local, long distance, household, residential, commercial, office moving service in Reisterstown, MD. Besides, our Baltimore Certified Movers is fully licensed and insured. Our Baltimore Certified Movers and Customer Service personnel are experienced and specially trained to provide the highest level of moving service! Call us now (443) 692-8962 or visit us at http://baltimorebestmovers.com for more information! Baltimore Certified Movers 1007 Green Hill Farm Road Reisterstown, MD 21136 (443) 692-8962 http://baltimorebestmovers.com