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 taxes become an issue.
Moving To A New Location Tax Information
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.
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...