Can I deduct my moving expenses?

May 29, 2002

Subject: Moved to temp location to permanent home
From:  Rushi
Date:  Mon, 1 Apr 2002

Dear Mr. Gray,

I started my first job after graduation in January 2000 and I moved to a temporary location (apartment) in March 2000 and then I moved to a house in October 2001 and my company paid for moving. My question is can I deduct the amount I paid on my final move which was in October 2001?

Thanks,
Rushi

Answer

Date:  April 2002

Hello Rushi,

Maybe. Since the expenses were incurred within one year of starting employment, they may qualify as moving expenses.

If your expenses were reimbursed by employer and excluded from your wages, they will not be deductible. You have already received the tax benefit.

To get more details about qualifying moving expenses, see IRS publication 521 and Form 3903 and the related instructions.

Good luck!
Mike Gray

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