Tax Deductions for Moving Expenses

Moving is a very expensive event. If you are not prepared to spend money - get prepared. It will cost you. Between the moving truck, the packing supplies, the self storage unit, gas, perished food, etc., it definitely adds up. But the silver lining is that many moving-related expenses are tax deductible. Below is a list of expenses that are tax deductible according to the IRS:

• Gas or mileage - traveling from your old home to your new home
• Parking fees and tolls
• The cost of packing, crating, and transporting your items/belongings
• The cost of connecting and disconnecting utilities
• The cost of shipping your vehicles or pets
• A self storage unit used to store your items for 30 days after they are moved out of your old home and before they are moved into your new home

Again, although moving can be expensive, it is comforting to know that many expenses are tax deductible which will help ease the pain.