 |
|
What moving expenses are tax-deductible or taxable income?
| Expense |
You pay |
Employer Pays |
Company you own pays |
| House hunting trip |
Not deductible |
Taxable income |
Taxable income |
| Transporting
family |
Deductible |
Not considered income |
Not considered income |
| Transporting
possessions |
Deductible |
Not considered income |
Not considered income |
| Selling costs of
old house |
Not deductible |
Taxable income |
Taxable income |
| Buying costs of
new house * |
Not deductible |
Taxable income |
Taxable income |
* Some property tax payments and points paid to obtain a mortgage are deductible.
|
|
|
