Perhaps you have wondered whether moving expenses are tax deductible. Indeed, they are – under some circumstances. If you have moved to a new principal place of work – either as a self-employed individual or an employee – then the moving expense deduction should apply for you if you relocate your residence and meet the time and distance tests. However, these tests don’t apply to you if you are a member of the armed forces making a permanent change of station as a result of a military order.
The Time Test is different for employees than for the self-employed. If you are self-employed, you must work for at least 39 weeks during the 12 months directly following your move and for a total of at least 78 weeks during the first 24 months to qualify. Whereas, if you are an employee, you must work full-time for at least 39 weeks during the first 12 months after your move to qualify for the deductions. Exceptions such as those related to disability, death and involuntary separation could also apply.
The Distance Test requires that the location of your new workplace must be at least 50 miles farther from your former residence than your new workplace.
Assuming that you do meet the above requirements, then you may typically be allowed to deduct a number of moving expenses such as the following:
However, these tests and requirements established by the Internal Revenue Service (IRS) could change from year to year. So you should check the IRS website to get the most current details regarding deducting moving expenses before you take the deductions on your tax return.
Making a move for a new job typically involves additional timing and planning challenges beyond those experienced in a non-work-related move. Here at Warners Moving & Storage, our professional staff and moving crews are committed to meeting your moving needs. Our experience allows us to answer your questions and guide you through the moving process from start to finish. Why not contact our office to schedule your move or request a moving quote today?
If you are planning to relocate to a new home, finding the right moving company should definitely be on your list of important things to do. If you must sell your current home before moving, then you might think that it is premature to decide on a mover even before you begin the home sale. However, you could be overlooking an important tool in your selling process.
As you prepare your home for sale, along with making the necessary repairs and sprucing up your property, your realtor will tell you that you should “declutter”. They advise to move all extraneous furnishings and belongings completely off the property . Staging your home makes it look like a model home so that buyers see the potential while making the rooms seem more spacious.
You could – and perhaps should – have a Moving Sale to get rid of items that won’t fit with the size or style of your new home. This could include furniture, appliances, toys, personal items, tools, gym equipment, sports gear, etc. Better to eliminate unwanted items instead of having to deal with them at your new home.
Here at Warners Moving and Storage in York county, Pennsylvania, we are at your service when you need us. We can assist and advise regarding the storage of your household items during your home sale staging and be ready to complete your move at your convenience – whether across town or across the country. Why not contact us to discuss your moving options and learn about our commitment to your successful move?
If you are one of the many professionals are considering job offers that would require relocation to another state in order to accept a position, don’t forget to negotiate to have the corporation recruiting you cover the often considerable costs that you could incur in making a quick move.
In addition, many corporations have programs in place to cover the various costs involved in cancelling rental contracts and in selling and buying a new home for a new employee who is relocating. These might include:
Moreover, many recruiting employers will offer compensation for expenses you incur to look for new housing local to your new job, and almost all of them will cover the cost of your final travel expenses to reach your new home.
However, typically, most employment advisors will tell you that you should not assume that expenses like those listed above will be covered. Doing so could leave you stuck with the bill. Instead, be sure you have a clear agreement that is part of your employment agreement.
Here at Warners Moving & Storage, we recommend getting a no-obligation moving quote before you begin negotiating your relocation with a prospective employer. We are experienced and equipped to handle your packing, shipping and relocation when you are ready. Why not contact us to learn about your moving options and/or to schedule your move?
We promise to take the greatest care of you, your family and your belongings from the time you ask us to move you until after we settle you in your new home.
We promise to take every precaution in packing, loading and transporting your belongings to protect them while they’re in our care.
We promise to settle any damage claims quickly and fairly.
We promise that if we delay your move in the continental United States, we will pay for accommodations or make other arrangements for you and your family.
We protect your belongings as if they were our own. Our damage record is one of the best in the industry. However, in the unfortunate event that a mistake happens, rest assured. We have you covered with a choice of possession protection plans that are second to none, and we’ll work with you to determine your best option.
Full Value Protection is the most comprehensive plan available for protection of your goods. When you select this option, articles that are lost, damaged or destroyed will, at Atlas' option, be either repaired, replaced with articles of like kind and quality, or a cash settlement will be made for the repairs or for replacement of the articles at their current value, regardless of the age of the lost or damaged articles.
Basic Liability: Our basic liability coverage provides repair, replacement or reimbursement up to $0.60 per pound, per item, maximum – at no additional charge.