Which Moving Expenses are NOT Tax Deductible?
You cannot deduct the following items as moving expenses.
- Any part of the purchase price of your new home.
- Car tags.
- Driver's license.
- Expenses of buying or selling a home.
- Expenses of getting or breaking a lease.
- Home improvements to help sell your home.
- Loss on the sale of your home.
- Losses from disposing of memberships in clubs.
- Meal expenses.
- Mortgage penalties.
- Pre-move househunting expenses.
- Real estate taxes.
- Refitting of carpets and draperies.
- Security deposits (including any given up due to the move).
- Storage charges except those incurred in-transit and for
- Temporary living expenses.
Temporary employment. You cannot take a moving expense
deduction and a business expense deduction for the same expenses.
You must decide if your expenses are deductible as moving
expenses or as business expenses. For example, expenses you
have for travel, meals, and lodging while temporarily working
at a place away from your regular place of work may be deductible
as business expenses if you are considered away from home
on business. Generally, your work at a single location is
considered temporary if it is realistically expected to last
(and does in fact last) for one year or less.
463, Travel, Entertainment, Gift, and Car Expenses,
for information on deducting your expenses.
More information on Moving and Your Taxes from the
Professional Moving Companies with Mover MAX