Moving to a new state

[Frankie10473]

My company is moving to CT in October, I will be purchasing a home in CT in September to be closer to my employer. My current state of residence

is NY. Is there any tax benefits for me doing this move?

[Nick-K-EA]

Unfortunately, under the tax reforms of 2017, moving expenses are not deductible except for military personnel moving under orders. If you own a home in New York, are selling for a gain, and have not met the 2  year requirement for excluding gain from income, you may be qualified for a partial exclusion based upon the move. But personal moving expenses are not deductible, regardless of the reason for the move.