Moving Expense Deduction

Who qualified to deduct moving expenses?

Individuals who are members' of the Armed Forces on active duty and you move because of a permanent change of active duty station. 

What is considered "Permanent Change of Station"?

• A move from one permanent post of duty to another, and 
• A move from your last post of duty to your home or to a nearer point in the United States. 

What moving expenses can be deducted?

• The taxpayer household goods and personal effects (including in-transit or foreign-move storage expenses).
• Any traveling (including lodging but not meals) to your new home, and
• You can't deduct any expenses for meals.

Is there any dollar limitation or restriction?

Yes, you can deduct only those expenses that are reasonable for the circumstances of your move. 

The move must occur within 1 year of ending your active duty or within the period allowed under the Joint Travel Regulations.

Please consult your CPA to determine how the regulations could benefit you.

Source: IRS.gov

  

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