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 Form 3903 Moving Expenses 2024-2025

Moving Expenses Deductible 2024-2025 Form

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hello I'm Linda with tax TV here with some information about tax deductions you may be able to claim for moving expenses if you have relocated your residence to a new city due to a change in your job or business location or because you started a new job or business you may be able to deduct your reasonable moving expenses from your income the amount you can deduct is the amount of moving expenses that EX ceed any reimbursements by your employer and include the cost of moving your household goods and personal effects as well as traveling expenses to your new home and lodging expenses however you cannot deduct meals to qualify for this deduction you must satisfy two tests first your new workplace must be at least 50 Mi farther from your old home than your previous job location was from that Old home for example if you commuted 10 mil from your old house to your previous job then your new job must be at least 60 Mi away from your old house if you had no previous workplace your new

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