Agents: Join Us
Ready to get started? Call (866) 874-8374
Tour Icone
We can't access your location to search for listings nearby. Please enable location services from settings to use this feature.

Find out fast!

Complete your free registration to get up to the minute listing updates for matches to your search. Unsubscribe any time.

Please enter valid first name
Please enter valid last name
Please enter a valid email address
Please enter a valid phone number
By submitting this form, I agree to be contacted according to these Terms & Conditions. This consent includes receiving autodialed calls and texts from Owners.com, Owners.com Loans, Premium Title Services, Altisource Online Auction, and their affiliates. I understand that this consent is not a condition to receiving any services.
Notification type

Welcome,

Last step! to customize your home shopping experience, please complete your account information below

Please enter a valid phone number
By submitting this form, I agree to be contacted according to these Terms & Conditions. This consent includes receiving autodialed calls and texts from Owners.com, Owners.com Loans, Premium Title Services, Altisource Online Auction, and their affiliates. I understand that this consent is not a condition to receiving any services.
Reset password

Please enter the email address associated with your account and we'll send you a link so you can reset your password.

Incorrect emailEmail address is required

Welcome,

To customize your experience and search preferences, please login.

Looks like your email is already registered with us. Enter your password and save multiple listings on the go!
Password is requiredPlease enter a valid password
Must be at least 8 characters long.
Use a combination of letters & numbers.

Email sent

Check your inbox at [email protected] and follow the instructions to reset your password.

For Sale by Owner News and Articles

For Sale by Owner Articles • Owners.com - Relocation and Moving

Deductible Moving Expenses

By Edith Lank
 
Yes, Uncle Sam stands ready to help soften the expense of your job-related move.
No, he isn't quite as generous about it as he used to be.You may be eligible to deduct some moving expenses if:
Your new job or job transfer is at least 50 miles farther from your home than the old one was.
If you had no previous job, the new one is at least 50 miles from your old home.
You are in the armed forces and had a permanent change of station.
You are eligible if you are working full-time (defined as at least 39 weeks in the next year.) Expenses are included if they are incurred within one year from the day you reported to work at the new job. Time extensions are sometimes granted, if, for example, you remained in your old home until your daughter graduated from high school.
If you are self-employed, you also need at least 39 weeks in the 12 months after the move.
Generous provisions, however, allow coverage without the required length of time at the new job for members of the armed forces, those transferred by an employer, those who lost a job through no fault of their own, and persons returning to the United States from abroad when they retire (or their survivors).
The expenses are deducted directly from your adjusted gross income, rather than being included in itemized deductions. This may leave you free to take a standard deduction if that's usually to your advantage. It also bypasses the regulations that sometimes make itemized deductions less valuable.
If you are qualified, you may deduct the expenses of:
Packing and transporting household goods,
Mileage for use of your own car (or gas and oil expenses)
Tolls and parking fees on the trip
Up to 30 days' storage of household goods
Disconnecting and connecting utilities.
Transportation and lodging for yourself and members of your household while traveling to the new home.
No longer deductible: $3,000 more for up to 30 days' temporary living expenses, house hunting trips, or costs of selling an old home and buying a new one.
 
Republication or redistribution of Realty Times content is expressly prohibited without the prior written consent of Realty Times . Realty Times shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon.
 
© Copyright 2000 by Realty Times. All Rights Reserved.

Enter Password

To access this content, please confirm your account password below.

Password is requiredPlease enter a valid password

Email sent

Check your inbox at and follow the instructions to reset your password.