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It depends.
No - If your company reimbursed you for your moving expenses and did not include this amount in your taxable income on your W-2. (In this case, since you are not recognizing the reimbursement as income, you are not allowed to take a deduction for these reimbursed expenses.)
Yes - If your company reimbursed you and included the reimbursement amount as part of taxable income on your W-2 or if your reimbursement was not included in your taxable income but the relocation expenses exceed your company's reimbursement amount (you can claim the difference).
Once you have signed into your TurboTax Account (for TurboTax Online sign-in, click Here), select "Take Me To My Return" and type "moving expenses" in the search bar then select "jump to moving expenses". TurboTax will guide you in entering this information
You will claim these moving expenses on Form 3903 and they will not affect your ability to claim a standard deduction.
Alternatively, to enter your moving expenses in TurboTax Online or Desktop, please follow these steps:
According to the IRS, if you moved due to a change in your job or business location, or because you started a new job or business, you may be able to deduct your reasonable moving expenses but not any expenses for meals.
Please refer to these links related to moving expenses: IRS - Moving Expenses and Moving Expense Deduction
It depends.
No - If your company reimbursed you for your moving expenses and did not include this amount in your taxable income on your W-2. (In this case, since you are not recognizing the reimbursement as income, you are not allowed to take a deduction for these reimbursed expenses.)
Yes - If your company reimbursed you and included the reimbursement amount as part of taxable income on your W-2 or if your reimbursement was not included in your taxable income but the relocation expenses exceed your company's reimbursement amount (you can claim the difference).
Once you have signed into your TurboTax Account (for TurboTax Online sign-in, click Here), select "Take Me To My Return" and type "moving expenses" in the search bar then select "jump to moving expenses". TurboTax will guide you in entering this information
You will claim these moving expenses on Form 3903 and they will not affect your ability to claim a standard deduction.
Alternatively, to enter your moving expenses in TurboTax Online or Desktop, please follow these steps:
According to the IRS, if you moved due to a change in your job or business location, or because you started a new job or business, you may be able to deduct your reasonable moving expenses but not any expenses for meals.
Please refer to these links related to moving expenses: IRS - Moving Expenses and Moving Expense Deduction
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