Is There Tax Deductions For Moving Expenses?
If you are planning to relocate and are an employee or a sole proprietor in the new area, you may be eligible for a relocation tax deduction. You might be able to find some answers to your queries about “How can I write off moving expenses?” here. There is undoubtedly some confusion surrounding how to meet the requirements for a deductible expense as a result of the recent revisions to the law governing relocation tax deductions. To properly deduct moving expenditures from your taxes, you must know the following.