Moving expense for a job related move

ntarvind — Thu, 06 Jun 2019 09:49:56 GMT

My moving expenses were reimbursed by my employer, Can I still claim them under the Deduction & Credits section. I understand that if I didn't pay for the moving then I cannot claim under the TAX deductions?

If the moving expenses were not included in your income o...

Phillip1 — Thu, 06 Jun 2019 09:49:58 GMT

If the moving expenses were not included in your income on your W-2, you can claim moving expenses that are greater than the amount that the employer reimbursed. However, if the employer included the moving expenses in your income, you can deduct all of your moving expenses.

Generally, reimbursed moving expenses that were not included in your income should show up in box 12 with a code P.

The rules for moving expenses are found in IRS Publication 521. This is an excerpt from an explanation in IRS Tax Topic 455:

“You can deduct your moving expenses if you meet all three of the following requirements:

Your move closely relates to the start of work

You meet the distance test

You meet the time test

Move Related to Start of Work - Your move must closely relate both in time and in place to the start of work at your new location. You can consider moving expenses incurred within one year from the date you first reported to work at the new location as closely related in time to the start of work. A move generally relates closely in place if the distance from your new home to the new job location isn't more than the distance from your former home to the new job location. For exceptions to these requirements, see Publication 521 , Moving Expenses.

The distance test - Your new workplace must be at least 50 miles farther from your old home than your old job location was from your old home. If you had no previous workplace, your new job location must be at least 50 miles from your old home.

The time test - If you're an employee, you must work full-time for at least 39 weeks during the first 12 months immediately following your arrival in the general area of your new job location. If you're self-employed, you must work full time for at least 39 weeks during the first 12 months and for a total of at least 78 weeks during the first 24 months immediately following your arrival in the general area of your new work location. There are exceptions to the time test in case of death, disability, and involuntary separation, among other things. See Publication 521 for these exceptions.”

If you meet the requirements discussed above, you can deduct the following expenses associated with your move:

The cost of moving your household goods and personal effects

Storage Expenses - This is allowed for a period of one month after the move from your former home.

The Costs of Travel and Lodging

topic Moving expense for a job related move in Deductions & credits

Moving expense for a job related move

If the moving expenses were not included in your income o...