Deductions & credits

Except for military or foreign service, there are no tax benefits for moving.  Your expenses are not deductible, and if your employer provides financial assistance, it is taxable like any other bonus.

 

Some states may still allow deductions for moving expenses if you itemize your deductions on your state return, because not all states go along with the 2018 federal changes.  (This means that moving expenses may still be listed in Turbotax--you will not get a federal benefit but you may get a state benefit depending on all your facts and circumstances.). Moving expenses are deductible based on time and distance rules, not the dollar amount.  The most common time and distance rule is that your new job must be at least 50 miles farther away from your old home than your old job (50 mile longer commute) and you must stay in the new location at least 39 weeks.  (That means that if your old commute is already 50 miles, your new job must be 100 miles away from your old home.)  To be more specific, we would have to know which state you are in.