{"id":3490,"date":"2018-10-09T08:30:12","date_gmt":"2018-10-09T15:30:12","guid":{"rendered":"https:\/\/blog.neighbor.com\/storage-blog\/?p=3490"},"modified":"2024-01-29T17:56:51","modified_gmt":"2024-01-30T00:56:51","slug":"moving-expenses-tax-deductible","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/moving-expenses-tax-deductible\/","title":{"rendered":"Are Moving Expenses Tax Deductible?"},"content":{"rendered":"\n

The worst day of the year just might be tax day. Sometimes a worse day could be when you move homes<\/a>. Sometimes one could affect the other. Hopefully, they affect each other in a positive way. Here are some common questions on how your moving expenses affect your taxes. Most people want to nab all the tax deductions they can find, so your move is a great place to start looking. If you aren’t sure where to start the search, check these FAQ’s.<\/span><\/p>\n

Moving Expenses and Tax Deductions<\/strong><\/h2>\n
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The Tax Cuts and Jobs Act that was passed in December 2017 eliminated this deduction. However, these changes are not permanent as the moving expense deduction will be reinstated in 2025. Unless Congress intervenes to eliminate the deduction then you will be able to deduct your moving expenses in a few years. If you moved in 2017 then you will be able to claim the expenses on the tax return you are set to file in 2018. Or if your employer reimbursed you for moving expenses, that reimbursement might be excludable from your income. So don’t wait on Congress, if you moved in 2017 make sure you qualify and get those tax deductions!<\/p>\n

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Picture Source: BKC<\/a><\/h6>\n<\/div>\n
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How Neighbor is changing storage<\/h2>\r\n <\/header>\r\n
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Transparent monthly savings<\/h3>\r\n

Renters save 30-50% on self storage, on average. No rate hikes.<\/p>\r\n <\/div>\r\n

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Keep your items nearby<\/h3>\r\n

Hosts in your neighborhood means that your things are always close by.<\/p>\r\n <\/div>\r\n

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Storage made simple<\/h3>\r\n

Don't settle for stone age tech and long contracts. Neighbor makes it easy.<\/p>\r\n <\/div>\r\n <\/section>\r\n