If you own your own business, you will need to meet the standard 39 weeks/50 miles guidelines. You can still deduct your moving expenses if you are self-employed. If your employer is paying only a portion of your moving expenses, be sure to keep track of the costs. If your employer is footing the bill for your move, it will impact what moving expenses, if any, you are able to deduct from your taxes. Anything less than the 50 miles rule and you will not be eligible to deduct your moving expenses, per IRS guidelines. To give an example, if you lived 10 miles from your previous job site, your new job location would have to be 60 miles or greater from your old home. The IRS requires that your commute from your old home to your new job location be at least 50 miles longer than your commute from your old home to your old job. You will not be penalized by the IRS if you are laid off or transferred again. It is not required to have spent the 39 weeks at the same job, but rather a full-time job in the area. The IRS requires that you be employed full time for 39 weeks of the first 12 months of your move in the area of your new job location in order to qualify for moving deductions. If you are moving because of convenience, you will not be able to receive tax deductions for your expenses. The IRS only allows you to write off your moving expenses if the move is for job-related reasons. Fortunately, the Internal Revenue Service allows you to deduct certain expenses from your taxes, so long as certain criteria are met.
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