{"id":495,"date":"2011-08-15T12:49:20","date_gmt":"2011-08-15T17:49:20","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=495"},"modified":"2011-08-15T12:49:20","modified_gmt":"2011-08-15T17:49:20","slug":"ten-tax-tips-for-individuals-who-are-moving-this-summer","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=495","title":{"rendered":"Ten Tax Tips for Individuals Who Are Moving This Summer"},"content":{"rendered":"<p>Summertime is a popular time for people with children to move since school<br \/>\nis out. Moving can be expensive, but the IRS offers 10 tax tips on deducting<br \/>\nsome of those expenses if your move is related to starting a new job or a new<br \/>\njob location.<\/p>\n<ol start=\"1\">\n<li><strong>Move must be closely<br \/>\nrelated to start of work<\/strong> Generally, you can consider moving expenses incurred<br \/>\nwithin one year from the date you first reported to a new location, as<br \/>\nclosely related in time to the start of work.<\/li>\n<li><strong>Distance Test<\/strong> Your move meets the<br \/>\ndistance test if your new main job location is at least 50 miles farther<br \/>\nfrom your former home than your previous job location was.<\/li>\n<li><strong>Time Test<\/strong> You must work full time<br \/>\nfor at least 39 weeks during the first 12 months after you arrive in the<br \/>\ngeneral area of your new job location, or at least 78 weeks during the<br \/>\nfirst 24 months if you are self-employed. If your income tax return is due<br \/>\nbefore you&#8217;ve satisfied this requirement, you can still deduct your<br \/>\nallowable moving expenses if you expect to meet the time test in the<br \/>\nfollowing years.<\/li>\n<li><strong>Travel<\/strong> You can deduct lodging<br \/>\nexpenses for yourself and household members while moving from your former<br \/>\nhome to your new home. You can also deduct transportation expenses,<br \/>\nincluding airfare, vehicle mileage, parking fees and tolls you pay to<br \/>\nmove, but you can only deduct one trip per person.<\/li>\n<li><strong>Household goods<\/strong> You can deduct the cost<br \/>\nof packing, crating and transporting your household goods and personal<br \/>\nproperty. You may be able to include the cost of storing and insuring<br \/>\nthese items while in transit.<\/li>\n<li><strong>Utilities<\/strong> You can deduct the<br \/>\ncosts of connecting or disconnecting utilities.<\/li>\n<li><strong>Nondeductible expenses<\/strong> You cannot deduct as<br \/>\nmoving expenses: any part of the purchase price of your new home, car<br \/>\ntags, drivers license, costs of buying or selling a home, expenses of<br \/>\nentering into or breaking a lease, security deposits and storage charges<br \/>\nexcept those incurred in transit.<\/li>\n<li><strong>Form<\/strong> You can deduct only<br \/>\nthose expenses that are reasonable for the circumstances of your move. To<br \/>\nfigure the amount of your moving expense deduction use Form 3903, Moving<br \/>\nExpenses.<\/li>\n<li><strong>Reimbursed expenses<\/strong> If your employer<br \/>\nreimburses you for the cost of the move, the reimbursement may have to be<br \/>\nincluded on your income tax return.<\/li>\n<li><strong>Update your address<\/strong> When you move, be sure<br \/>\nto update your address with the IRS and the U.S. Postal Service to ensure<br \/>\nyou receive refunds or correspondence from the IRS. Use Form 8822, Change<br \/>\nof Address, to notify the IRS.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Summertime is a popular time for people with children to move since school is out. Moving can be expensive, but the IRS offers 10 tax tips on deducting some of those expenses if your move is related to starting a &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=495\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3],"tags":[],"class_list":["post-495","post","type-post","status-publish","format-standard","hentry","category-individual","category-taxation"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=495"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/495\/revisions"}],"predecessor-version":[{"id":496,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/495\/revisions\/496"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}