January 31st, 2016

TAX TIP OF THE DAY...  deduct moving expenses  

Moving expenses associated with a job related move of at least 50 miles are deductible.  Surprisingly, the deduction is allowed for 1) a move to a first job after college, 2) a move to return to full-time work after a substantial period of part-time or unemplyment 3) a move to the USA from a foreign country in order to retire here.

Moving expenses include movers, tips, truck rentals, packing supplies, hotel, temporary storage, auto mileage and tolls.

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If you need tax help... www.baboiancpa.com