T-N-T Moving Systems is
here to help you move around the greater Charlotte area in the most efficient and
easy way for you and your family. Moving can be an exciting time or dreaded
time, depending on many circumstances. If you are finally moving into your dream
home then it is one that will be very exciting but if you have to move for your
job, for the government, or because of a natural disaster then the move might
not be so exciting. However, what you might not know is that moving expenses
are often tax deductible.
If your move is work related, you might be able to deduct moving expenses from
your federal income taxes. To qualify for tax deductible moving expenses,
you must work a certain amount and your prior home must be located an
unacceptable distance from your new job.
The location of your new career must be greater than 50
miles from your previous home to previous job. If you were unemployed or worked
from home then your new place of work must be at least 50 miles away. Once you
move, you must be working full time for at least 39 weeks in the first 12
months this is considered a reasonable about of time to justify moving.
Of course, there are exceptions to these rules. When it
comes to factors like death, disability, and involuntary separation, amongst
others, the rules may be different depending on your circumstances. If the
cause of your move is due to being a member of the armed forces, you do not
have to satisfy the distance or time requirements.
The IRS
allows you to deduct expenses including the cost of packing, transporting your
goods, storage, insurance, connecting and disconnecting utilities, lodging and
transportation while moving.
Unfortunately, meals and house-hunting expenses are not
deductible. Also, breaking a previous lease is not considered deductible.
T-N-T Moving Systems
is here to help you make the most out of your move. Moving can be a lot of work.
All the packing and transportation of your belongings can be a challenge,
stressful, and tiring but with T-N-T Moving Systems you can relax. Let Tom and
Todd take care of everything. Whether you are moving for work or moving for
fun, it can be easy with our Charlotte Movers who will take care of your belongings
and make moving a stress-free experience.
