Recently I moved to Florida for work reasons, a new job. Anyways, I saved all my receipts and that was a good thing. If you moved because of work then you are in luck. Get this, it’s not just people moving because they got new jobs. College students can take advantage of this for there first job too! So here is the deal. If you moved more that 50 miles from your previous job and are going to work 39 weeks in the first 12 months then you qualify. Easy as that. So what can you deduct? Well here is a list of deductible items;
- Cost of packing
- Gas, or mileage. For 2006 its $0.18 a mile.
- Storage expenses for 30 days
- Fees to start and turn off services. Such as gas, electric, cable.
- Lodging and much more.
I will be taking advantage of this and you should too! For more information on how to deduct your moving expenses check out the IRS and SmartMoney.com