If you relocated to take a new job, you can — and should — deduct your expenses, if you pass these two IRS tests:
- Your new job must be at least 50 miles farther from your old home than your previous job was. If you didn’t have a previous job, your new one must be at least 50 miles from your old home.
- If you’re an employee, you must work full-time for at least 39 weeks during the 12 months after you arrive in the general area of your new job. If you’re self-employed, you have to work full-time for at least 39 weeks during the first 12 months and 78 weeks during the first 24 months.
The good news? Fuel, moving truck and accommodations while on the road can typically be deducted, but food and personal expenses cannot. Moving deductions can only be claimed one time per tax year.
(Here comes the disclaimer: Always double-check the particulars with your favorite tax professional).
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