"NEWS NOTES"

From the office of Angle, Zaebst & Associates

Did You Move To a New Home For Your Job?
 
If you are relocating for work, you may be able to deduct your moving expenses if your new job location is at an additional 50 miles farther away from your old home.
 
Transportation and storage of personal and household items and travel expenses including lodging from your old home to your new home qualify.  However, meals are not deductible. It is important to maintain an accurate record of expenses you paid to move. You should save items such as receipts, bills, cancelled checks, credit card statements, and mileage logs. Also, you should save your Form W-2 and statements of reimbursement from your employer.  You can generally consider moving expenses incurred within 1 year from the date you first reported to work at the new location.

An archive of News Notes is available on our web page.  Click on the Angle, Zaebst & Associates quick link (below) to go to our website, then click on the News Notes Archives link found on our homepage. 

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Each entity or individual's situation is unique and should be analyzed based upon all of the laws and regulations that exist at the time of a decision. Although we try to send current and accurate information, laws change and can be complex. The information presented in this e-mail should not be construed as legal, tax or accounting advice. You should consult with Angle, Zaebst & Associates CPA's or other professionals familiar with your particular situation for advice concerning specific tax or other matters before making any decision.