Tag: tax deductible moving expenses

Tax Deductible Moving Expense

 

 

Did you move for work in 2015? There are tons of different reasons to move to a new city but I think it’s safe to say Tax Deductible Moving Expensesthat one of the most popular reasons to move is for a job, whether it’s a new job or a relocation through a current job. While moving for work can often be stressful – it’s not easy to balance your job responsibilities, packing, finding a new home, and your family – there is one very important (and helpful) thing you absolutely must remember. If you moved for work, some of your moving expenses may be tax deductible.

Don’t Forget Your Tax Deductible Moving Expenses!

 

People move all the time, especially in the summer. There are tons of different reasons to move to a new city but I think it’s safe to say that one of the most popular reasons to move is for a job, whether it’s a new job or a relocation Tax deductible moving expensesthrough a current job. While moving for work can often be stressful – it’s not easy to balance your job responsibilities, packing, finding a new home, and your family – there is one very important (and helpful) thing you absolutely must remember. If you are moving for work, some of your moving expenses may be tax deductible.

Military Moving

 

Military MovingMy best friend Malcolm has been in the Army for just about five years and is currently preparing to move to a new base before heading out on his fourth deployment. I am so grateful for his service, and the service provided by all of our country’s military men and women. In fact, there is nothing more important to all of us here at Holman than taking care of our military heroes so today I thought I would share some information on Military Moving .

Moving and Your Taxes

 

Tax deductible moving expensesIt’s that time of year again; time to file our taxes. Nobody likes to do it but there’s no way around it. Since my boyfriend and I moved for his job earlier this year, he can deduct a lot of our moving expenses on his return. I know that Matt and I aren’t the only two people who have moved for work related reasons so I thought today would be a good time to talk about the related tax implications.

Are Pet Expenses Tax Deductible?

 

 

Are pet expenses tax deductible?I’ve posted in the past about tax deductible moving expenses. The post discusses which incurred costs are deductible if you move for work related reasons. For example, if specific requirements regarding timing, distance moved and length of employment are met, certain travel expenses, household goods transportation, storage, and utility set up fees may be eligible for deduction on your tax return. If I am being totally honest though, I never considered whether or not pet fees could be deducted. Last week, a colleague of mine sent over an article that answered the question I didn’t even know I had: “Are pet expenses tax deductible?”

Benefits of Moving and Buying a House in December

 

Holman Moving TruckIt is still hard to believe that the holiday season is already upon us. I feel like we just rang in 2014 and in a few short weeks it will be over! I know most of our minds are filled with gift ideas, decorating plans, and hosting arrangements, but for many, thoughts are centered around open houses, closing costs, and moving. Contrary to popular belief, the holiday season is still pretty busy in the housing market. In fact, homeowners searching to buy a new home can usually find great deals in December.

“Should I Tip My Movers?”

Do I tip my mover?I am happy to say that my friends have dubbed me their go to girl for moving questions. I am also happy to say that one of my close friends just purchased her very first home in North Carolina. I could hear the excitement in her voice as she rattled off all the details of the most major purchase of her lifetime. “It actually has a white picket fence, and a screened in porch, and a back deck, and three bedrooms, do I tip my movers?” Wait, what was that last part? It’s a very common question so I figured I’d take a moment to answer it for all of those wondering the same thing.

Tax Deductible Moving Expenses

Tax deductible moving expensesThere are tons of reasons to move to a new city. People move to be closer to family and loved ones, to get a fresh start, and to experience a different part of the country or world. But I think it’s safe to say that one of the most popular reasons to move is for a job, whether it’s a new job or a relocation through a current job. Old job or new, if you are moving for work, some of your moving expenses may be tax deductible.

How to Manage Your Lump Sum Move

Great news! You’ve just accepted a new job and the hiring company is giving you $15,000 upfront to move your family, including your spouse, teenager, infant and even Fido. Surely, that will be enough to cover your household moving costs and other relocation expenses…right?

Well, maybe. It all depends on how you manage your lump sum moving package.