Write Off Your Move to Knox County OH!
Did you know that many moving expenses, including house-hunting trips, are tax deductible? This is why it is of the utmost importance to keep detailed records of all moving expenses if your move is job-related.
If your move is 35 miles or more from your home, you can deduct your family’s travel expenses, including meals and lodging; the cost of transporting furniture, other household goods, and personal belongings; food and hotel bills for up to 30 days in the new city if you have to wait to move into your new home; and the costs associated with selling your old home or leasing your new home.
Please note that there is a ceiling on deductions which is outlined in detail in the IRS’s Publication 521, “Tax Information on Moving Expenses,” available free from the IRS offices.
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