![]() But if you prefer, you can keep up with your actual transportation costs and deduct those instead. The IRS allots a standard mileage rate of 22 cents per mile for 2023 that you can use to calculate your travel expenses. Reasonable moving expenses may include the cost of the following:įor a long-distance move, you might include the cost of lodging at a hotel on the way to your new home, but you can't deduct expenses for meals. When tallying the expenses you plan to claim as your moving expense tax deduction, all of them must count as both reasonable and necessary to your move. Learn about the new moving tax deduction rules and what you need to know. If neither of these describe your situation, you may still want to track your expenses because some states continue to provide a deduction on your state tax return if you meet specific requirements. This change is set to stay in place for tax years 2018-2025.īut if you need to amend a previous return prior to tax reform, or if you serve in the active military and meet certain circumstances, you may qualify for a deduction. For most taxpayers, moving expenses are no longer deductible, meaning you can no longer claim this deduction on your federal return. The 2017 Tax Cuts and Jobs Act changed the rules for claiming the moving expense tax deduction.
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