If your move meets the IRS’s definition and requirements of a qualifying
move, the following items may be tax deductible (See Note):
TAX DEDUCTIBLE MOVING EXPENSES (See Note)
* The cost of trips to the area of a new job to look for a home. Your house shopping expedition does
not have to be successful for the cost to be deductible.
* The cost of having your furniture and other household items shipped, including the cost of packing,
insurance, and storage for up to 30 days.
* The cost of getting your family to the new home town, including food and lodging expenses during
the trip.
* The cost of lodging and 80% of food expenses for up to 30 days in the new home town, if these
temporary living expenses are necessary because you have not yet found your ideal home, or it is
not ready when you arrive.
* Certain costs associated with the sale of your old home and purchase of the new one...
These expenses, including Real Estate Commissions, Legal Fees, State Transfer Taxes, Appraisal,
and Title Fees, could be used either to reduce the gain on the sale of the previous home or to boost
the basis of the new one. But it’s usually beneficial to count them as moving expenses up to the
allowable dollar limits, because that gives you an immediate tax benefit.
Note: This material is informational only, and is not intended to constitute legal or tax advice in
any way. Readers should consult with Tax or Legal counsel, or their CPA, regarding the tax rules and
deductions which apply to their circumstances.
