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| "RC" <sricar[at]gmail.com> wrote: - quote - > I have incurred moving expenses from moving in the year
You don't have a deduction because you fail the distance> 2006, I moved within the state as my company moved to a > different location in the state. the new place is 20 miles > from my old place, but I did end up spending quite a bit. test. See IRS Publication 521. -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| RC wrote: - quote - > I have incurred moving expenses from moving in the year
IRS Pub 521 (see link below) explains the requirements (3> 2006, I moved within the state as my company moved to a > different location in the state. the new place is 20 miles > from my old place, but I did end up spending quite a bit. > Anyone knows how much I can deduct or can I deduct at all? I > live in NJ tests) for deducting moving expenses. Your statement is ambiguous as one can not determine whether your reference to "place" is to the place you work or the place you live. One of the tests is a distance test. The test requires that the new work location be at least 50 miles greater than the distance between your old home and your old job location. So... if the distance from your old home to your old work location using the most commonly traveled route was 5 miles, then the distance from your old home to the new job location would have to be at least 55 miles to pass the distance test. http://www.irs.gov/publications/p521/index.html << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| I have incurred moving expenses from moving in the year 2006, I moved within the state as my company moved to a different location in the state. the new place is 20 miles from my old place, but I did end up spending quite a bit. Anyone knows how much I can deduct or can I deduct at all? I live in NJ << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| expenses, moving |
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