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Are there any tax breaks for losing your job and moving?

 
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1 Reply
DanielV01
Expert Alumni

Are there any tax breaks for losing your job and moving?

In a way.  You will have less income, which means less tax.  It is possible that less income may qualify you for increased credits (especially Earned Income Credit).  Your move might be eligible for the Moving Expenses Deduction if you moved to begin a full-time job.  These are secondary consequences that could lead to a larger tax return from this standpoint.  But, there is no direct deduction or credit for your situation.

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