Yes, you may be able to deduct
the moving expenses if you meet the IRS requirements.
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. You can deduct your moving
expenses if you meet all three of the following IRS requirements:
- Your move
closely relates to the start of work
- You meet
the distance test
- You meet
the time test
Move Related
to Start of Work - Your move must
closely relate both in time and in place to the start of work at your new
location. You can consider moving expenses incurred within one year from the
date you first reported to work at the new location as closely related in time
to the start of work.
The distance
test - Your new workplace must be
at least 50 miles farther from your old home than your old job location was
from your old home. If you had no previous workplace, your new job location
must be at least 50 miles from your old home.
The time test
- If you're an employee, you must
work full-time for at least 39 weeks during the first 12 months immediately
following your arrival in the general area of your new job location.
If you use your car to take
yourself, members of your household, or your personal effects to your new home,
you can figure your expenses by deducting either:
- Your actual expenses, such as the
amount you pay for gas and oil for your car, if you keep an accurate
record of each expense; or
- The standard mileage rate of 19
cents a mile
You can't deduct any moving expenses covered by reimbursements from
your employer that are excluded from your income.
