Find out what you can write off for your move this year.
I am sure that we can all agree on this one: It is pretty much a drag to move. We are grown-ups now and pretty much gone are the days of bribing friends with the promise of cheap pizza and sudsy brewskis for the task of doing the heavy lifting. You know that drag…From the feeling of overwhelm to the tedious packing, it is just not fun. Not to mention that moving gets expensive to boot.
How can you make this process better? Be streamlined, focused, efficient, and make the move count. What does that even mean, anyways? Take it from your tax professional, if you can make a dollar count, do it! If you can write off part or all of your move, do it! Keep track of your spending when it comes to your move.
If you are one of those people who forgets to hold on to a receipt, tie a knot around your finger for this one, because you’ll thank yourself for the potential tax write off for your move! You can keep track of your moving fees for this year… it is a pretty nifty thing to know for this tax year and for the future, too!
What was on your packing list? Not just old t-shirts and last week’s circulars, but sharpies, bubble wrap, that huge roll of strange plastic wrap stuff, boxes, boxes and more boxes… this stuff adds up, people! Then there is the mover route; even if it was an inside the beltway move, it can wrack up a $2000 price tag! From packing tape to the moving fees to the driving up and down to get the dogs taken care of while moving- if you have to have your parents come stay- write it off, baby. Just remember to log it all and talk to your accountant to
make sure you qualify with the way you do your taxes.