Are
you planning a move for a new job? Are you relocating to find a new job? Are
you moving and self-employed? Good news: If you meet any of these criteria, you
may be eligible to deduct your moving expenses.
As
an “above the line” deduction, you don’t have to itemize the write-off, either.
Expenses can include an array of items that really add up, including:
- Utility disconnection and reconnection fees
- Up to 30 days of storage unit costs
- Hotel rooms (though not the expenses like minibars and meals!)
- Shipping and packing costs (from the boxes to the moving company, etc.)
- Travel to the new home, as well as automotive deductions of 24-cents/mile