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Tax Deduction Consulting: Moving Expenses Manchester NH

If you are moving, you are inevitably going to dish out some cash for movers, a truck, boxes, gas, hospital visits, aspirin, more aspirin and so on. Fortunately, these expenses may be deductible on your next tax return. There are three tests you have to meet to claim deductible moving expenses.

Mr. James E. Knee (RFC®), MBA
(603) 224-1010
6 Loudon Road, Suite 505
Concord, NH
Company
Sterling Financial Services, LLC
Qualifications
Education: B.S., University of Bridgeport;MBA, Southern New Hampshire University;Advanced Certificate in International Business;Series 24 Registered Principal License;Series 7 and 63 Securities License;NH Health and Life Insurance License
Years of Experience: 26
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Education Plan, Asset Protection

Data Provided by:
Fishers Income Tax Svc
(603) 622-2057
616 Mast Rd
Manchester, NH

Data Provided by:
H&R Block
(603) 647-6974
1328 Hooksett Rd
Hooksett, NH

Data Provided by:
Steele Associates
(603) 673-4660
54 Nashua St
Milford, NH

Data Provided by:
Devereaux & Ean-Dixon Bookkeeping LLC
(603) 717-1214
PO Box 2794
Concord, NH
Prices and/or Promotions
10% off of individual tax return prep

H&R Block Inside Northside Plaza
(603) 628-1976
67 HAMEL DR UNIT B4A
MANCHESTER, NH

Data Provided by:
Danis & Company
(603) 656-9041
169 South River RD #14
Bedford, NH
 
Melanson Heath & Co PC - Linda Imhoff CPA
(603) 882-1111
102 Perimeter Rd
Nashua, NH

Data Provided by:
Kline & Company, CPA, P.C.
(603) 881-8185
141 Main Street
Nashua, NH
 
J Walker & Co LLC
(603) 224-4829
104 N State St
Concord, NH
Hours
Mon 09:00 AM-05:00 PM;Tue 09:00 AM-05:00 PM;Wed 09:00 AM-05:00 PM;Thu 09:00 AM-05:00 PM;Fri 09:00 AM

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Tax Deduction Consulting: Moving Expenses

Deductible Moving Expenses

In modern America, it is rare to find a person or family living in the same place for thirty years. Most of us move five or ten times, which means deductible moving expenses become an issue.

Deductible Moving Expenses

I hate moving. Absolutely loathe it. I am sure you do as well. Nonetheless, you, me and everyone seem to move all the time. Whether we are buying and selling real estate or just getting a new start in a new location, there are lots of little things we have to get in order. While utilities and cable are first on the list of things to handle, most people fail to pay close attention to tax issues and miss out on some juicy deductions.

If you are moving, you are inevitably going to dish out some cash for movers, a truck, boxes, gas, hospital visits, aspirin, more aspirin and so on. Fortunately, these expenses may be deductible on your next tax return. There are three tests you have to meet to claim deductible moving expenses.

Initially, you have to be starting work at a new job location. Many misunderstand this requirement to mean that you have to already have a job when you move and that is the reason for the move. This is incorrect. You must simply find a new job once you have moved.

The second requirement deals with timing issues. Assuming you are going to start a new job, you must actually start within a prescribed time. This time period is a year from the date of the move. This should be relatively easy to comply with as the lack of a new job within a year probably will mean you have returned to your old job and location.

The third test is known as the distance test. The IRS calls this the closely related in place test. Essentially, you have to be able to show the distance from your new residence to your new job is smaller than the distance from your previous residence to the new job. Your new job location must also be at least 50 miles from your old one. This should be pretty simple for most people to s...

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