Moving Expenses: What's Tax Deductible?

Moving, in short, isn't fun. Whether you pack and move your own stuff or pay someone else to do it, it takes time, energy and lots of money. Lucky for you, some of those expenses could be tax-deductible.

TO QUALIFY FOR RELOCATION DEDUCTIONS:

You must start a job within a year of your move. It is not necessary that you arrange to work before heading to a new locale.

Your employer cannot reimburse you for the expenses. If your employer does reimburse your expenses, you must claim the money as income on that year's tax return.

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