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It depends. Moving expenses in most cases do not qualify as a deduction. The 2017 Tax Cuts and Jobs Act changed the rules for claiming the moving expense deduction. For most taxpayers, moving expenses are no longer deductible, which means you can no longer claim this deduction on your federal return. This change will stay in place for tax years 2018-2025.
Additionally, even if you don't qualify for the federal deduction, some states do allow a deduction for moving expenses. Also, if you were reimbursed for the moving expenses, this may count as an income on your tax return.
Please visit Moving Expenses for more information.
CO follows federal law.
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