Did you know that certain moving expenses are tax deductible?
As an Orange County mover, your non-reimbursed moving expenses might be deductible on your tax return if your move is related directly to your work. In addition, if you donate clothes or household items prior to your move, those donations may be deductible as well. Make sure you ask your tax advisor about these possible deductions.
Whether you moved in the past couple of years or are planning a move this year, accurate and organized record keeping is a must to ensure that you receive all of your eligible moving deductions.
Time to prepare! If you are just beginning your move process and you think your expenses may be deductible, begin a file for collecting all of your moving receipts, cancelled checks, credit card statements, bills and a mileage log. Come tax time, you’ll have everything you need in one place. Daly Movers always provides our Orange County movers with the proper receipts and itemized bills for your records.
Spring is in the air! That means the start of the move season, and tax time.
Are you ready for April 15th? Make the most of your move and don’t miss out on one cent of your deductions. The IRS has all the information you need to decide if and what you can deduct. You can find the answers here at www.irs.gov/pub/irs-pdf/p521.pdf. Also check in with your accountant to discuss any special circumstances surrounding your work or military move and what other records you may need for filing your move deductions.
And if this spring is moving season for you, as one the most time-tested Orange County movers, Daly Movers is ready to help with your moving needs.
Daly Movers wishes our Orange County movers a Happy Spring!