As Tax Day approaches, the team at Sorensen Moving & Storage understands that moving-related stress can come back with a vengeance- and we’re here to help!
Avoid feeling overwhelmed this spring, and check out our downloadable and print-ready resource that will help you better understand tax deductible moving expenses! Please note that if you are moving internationally or are a member of the military, a tax advisor can give professional assistance and guide you through different exceptions and processes.
Not ready to print yet? In short, here’s what you need to know.
To be tax deductible moving expenses have to meet the following criteria:
- Expenses Were Incurred Within a Year
- You Moved outside 50 Miles
- You Work Full-Time
Deductible Expenses include, but aren’t limited to:
- Packing, crating and unpacking
- Valuation coverage and storage in transit
Need Tax From 3903, or want a super detailed list of deductible expenses? Click here!