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Self Employed >Moving And Taxes
Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.
You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.
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Valerie Hunter-Kelly - Air Assault Team Keller Williams Realty Realtors For Life 2279B Wilma Rudolph Blvd. Clarksville TN 37040 Cell:: 931-320-2100 Phone:: 931-245-7435 Fax: 866-526-8997 Valerie@ValerieHunterKelly.com
As a military spouse who has moved numerous times, I understand the stress
of relocation. I specialize in military and corporate transfers and am licensed in Kentucky and Tennessee.
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