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ksgmi
New Member

Fired from job which forced me to move, can I use moving expense as it was over 50 miles?

what other credits can I take if I was fired?
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1 Best answer

Accepted Solutions
bwa
Alumni
Alumni

Fired from job which forced me to move, can I use moving expense as it was over 50 miles?

There is no credit for being fired but if you moved to new employment, you may be able to deduct moving expenses. 

Moving expenses are limited to -

  • the cost of transportation of your household goods and family effects,
  • travel costs (including lodging but not meals) of you, your spouse and your dependents while enroute
  • the cost of storing and insuring household goods and personal effects within any period of 30 consecutive days after the day your things are moved from your former home and before they are delivered to your new home. (Different storage rules apply to a foreign move.)

 You cannot deduct the following items as moving expenses.

  • Any part of the purchase price of your new home.
  • Car tags.
  • Driver's license.
  • Expenses of buying or selling a home (including closing costs, mortgage fees, and points).
  • Expenses of entering into or breaking a lease.
  • Home improvements to help sell your home.
  • Loss on the sale of your home.
  • Losses from disposing of memberships in clubs.
  • Mortgage penalties.
  • Pre-move house hunting expenses.
  • Real estate taxes.
  • Refitting of carpet and draperies.
  • Return trips to your former residence.
  • Security deposits (including any given up due to the move).
  • Storage charges except those incurred in transit and for foreign moves. "In transit" includes any 30 day period including the day of the move.
  • Temporary lodging at the new residence location

 

See IRS Publication 521 on moving expenses here:  http://www.irs.gov/publications/p521/ar02.html#en_US_publink100043359


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3 Replies
ksgmi
New Member

Fired from job which forced me to move, can I use moving expense as it was over 50 miles?

I had to file SSDI after I was fired, do I still get the credit even thou I am no longer working?
bwa
Alumni
Alumni

Fired from job which forced me to move, can I use moving expense as it was over 50 miles?

You do not.  You need to work full time for 39 weeks in the new area to meet the "time test."
bwa
Alumni
Alumni

Fired from job which forced me to move, can I use moving expense as it was over 50 miles?

There is no credit for being fired but if you moved to new employment, you may be able to deduct moving expenses. 

Moving expenses are limited to -

  • the cost of transportation of your household goods and family effects,
  • travel costs (including lodging but not meals) of you, your spouse and your dependents while enroute
  • the cost of storing and insuring household goods and personal effects within any period of 30 consecutive days after the day your things are moved from your former home and before they are delivered to your new home. (Different storage rules apply to a foreign move.)

 You cannot deduct the following items as moving expenses.

  • Any part of the purchase price of your new home.
  • Car tags.
  • Driver's license.
  • Expenses of buying or selling a home (including closing costs, mortgage fees, and points).
  • Expenses of entering into or breaking a lease.
  • Home improvements to help sell your home.
  • Loss on the sale of your home.
  • Losses from disposing of memberships in clubs.
  • Mortgage penalties.
  • Pre-move house hunting expenses.
  • Real estate taxes.
  • Refitting of carpet and draperies.
  • Return trips to your former residence.
  • Security deposits (including any given up due to the move).
  • Storage charges except those incurred in transit and for foreign moves. "In transit" includes any 30 day period including the day of the move.
  • Temporary lodging at the new residence location

 

See IRS Publication 521 on moving expenses here:  http://www.irs.gov/publications/p521/ar02.html#en_US_publink100043359


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