After teaching Math in Maryland for 25 years, we moved last month to North Carolina to be closer to family and to start a tutoring business. Moving expenses totaled just over $21,000 What can I deduct?

[lisah4]

Hi Richard! 

Congratulations on your move ! Unfortunately, because of the 2017 Tax Cuts and Jobs Act tax reform, moving expenses are no longer deductible unless you are active military and have moving orders that require you to move. Here is a link with more information: https://turbotax.intuit.com/tax-tips/jobs-and-career/guide-to-irs-form-3903-moving-expenses/L6CwmGm3...

I hope that this helps and thanks for your question!

Lisa, EA