Relocation due to job - not dollar for dollar?


D

Don Priebe

Is a relocation for a job a dollar for dollar deduction?

Some relocation expenses, like direct moving expenses, are a
dollar-for-dollar deduction against your INCOME. That
doesn't mean that they are a dollar-for-dollar reduction in
your TAXES. More like 10% to 25% for most people.
 
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P

Phil Marti

Andrew said:
Is a relocation for a job a dollar for dollar deduction?
I have no idea what you're asking. See IRS Publication 521
for an explanation of what's deductible and how you deduct
it.

Phil Marti
Clarksburg, MD
 
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A

Andrew

Is a relocation for a job a dollar for dollar deduction?
Some relocation expenses, like direct moving expenses, are a
dollar-for-dollar deduction against your INCOME. That
doesn't mean that they are a dollar-for-dollar reduction in
your TAXES. More like 10% to 25% for most people.
What I was looking for. Thanks.
 

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