I moved to Colorado in 2018 (from PA).
I am aware that beginning in 2018, moving expenses are deductible only by military members at the Federal level so I cannot deduct them on my Federal return.
However, I could not find if this applies to CO taxes as well. Anybody knows?
Can I deduct my moving expenses on CO taxes?
Thanks
You'll need to sign in or create an account to connect with an expert.
Colorado allows a moving expense deduction if you file Form 104PN Part-Year Resident/Nonresident Tax Calculation Schedule 2018, and the moving expenses were for moving into Colorado, and not out of Colorado.
See Colorado Income Tax Booklet 104 for more information.
These expenses would
be entered on line 23 of Form 104PN. See
FYI
Income 6 to determine if you need to file Form 104PN.
Any updates on this topic? Colorado still has the ability to claim moving expenses for moving into the state yet I can find no way of entering moving expenses in my Colorado tax return.
CO does not allow moving expenses as a subtraction or a credit for most people. See: Income Tax Subtractions | Department of Revenue - Taxation
tax.colorado.gov › income-tax-subtractions
However, under their revised statutes, I found this:
24-50-134. Moving and relocation expenses
CO - Colorado Revised Statutes Annotated C.R.S. 24-50-134
TITLE 24 . GOVERNMENT - STATE > TITLE 24 STATE PERSONNEL SYSTEM AND STATE EMPLOYEES > ARTICLE 50 .STATE PERSONNEL SYSTEM - DEPARTMENT OF PERSONNEL > PART 1. DEPARTMENT OF PERSONNEL > PART 1. 24-50-134. Moving and relocation expenses
(1) When an employee in the state personnel system is required by any appointing authority, because of a change in assignment or a promotion or for any other reason related to his or her duties, to change his or her place of residence, such employee shall be allowed his or her moving expenses incurred by reason of such change of residence. Moving expenses may include the reasonable expenses of moving household goods and personal effects and the reasonable costs of traveling to the employee's new residence. Any reimbursement pursuant to this subsection (1) shall be made in accordance with ...
... C.R.S. 24-50-134 24-50-134. Moving and relocation expenses (1) When an employee in the state per...... place of residence, such employee shall be allowed his or her moving expenses incurred by reason...... The nature of moving expenses and relocation expenses that a state employee may claim pursuant t...... (a) The circumstances under which an employee is eligible to claim moving expenses and relocatio...... The circumstances under which an employee is eligible to claim moving expenses and relocation ex...
Hello. Colorado form DR 0104PN is the part time resident form that needs to be filled out if you moved to (or from) Colorado. That form apportions your 2020 income between the old state and the new state. The form calls for all income and deductible expenses to be listed. One of the deductible expenses is moving expense, but only for members of the military. There is no line item for moving expenses for civilians, unfortunately. My wife and I moved to Colorado in 2020 and are civilians, so we got “screwed” by the Trump tax reform.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Kim20201
Returning Member
lhilldorfer
Returning Member
fasteddie577
Level 6
brittanystillman
New Member
NS1
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.