logo
Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

New Topic Post Reply
Casey
#1 Posted : Tuesday, August 30, 2016 8:56:06 AM(UTC)
Quote
Casey

Rank: Administration

Groups: Administrators
Joined: 9/27/2013(UTC)
Posts: 533
United States
Location: http://www.halfpricesoft.com/

Was thanked: 2 time(s) in 2 post(s)
If you move due to a change in your job or business location, you may be able to deduct your moving expenses, except for meals. In order to deduct moving expenses, your move must meet three requirements:

1. The move must closely relate to the start of work.
Generally, you can consider moving expenses within one year of the date you start work at a new job location. Additional rules apply to this requirement.

2. Your move must meet the distance test. Your new main job location must be at least 50 miles farther from your old home than your previous job location. For example, if your old job was three miles from your old home, your new job must be at least 53 miles from your old home.

3. You must meet the time test. After the move, you must work full-time at your new job for at least 39 weeks in the first year. If you’re self-employed, you must meet this test and work full-time for a total of at least 78 weeks during the first two years at your new job site. If your income tax return is due before you’ve met this test, you can still deduct moving expenses if you expect to meet it.

You can learn more about the deductions at
https://www.irs.gov/uac/...penses-can-be-deductible
Casey
small business payroll & tax software solution
http://www.halfpricesoft.com
Quick Reply Show Quick Reply
Users browsing this topic
Guest
New Topic Post Reply
Forum Jump  
You can post new topics in this forum.
You can reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You can vote in polls in this forum.

Powered by YAF 1.9.6.1 | YAF © 2003-2017, Yet Another Forum.NET
This page was generated in 0.048 seconds.