Tax Deductions You Might Be Getting Wrong
- By
Julia Austin
Source: PeopleImages / Getty
Trying to deduct moving expenses
Most states no longer allow you to deduct moving expenses, even if you move for a job. This might sound like a recent, post-pandemic rule, since so many workers have moved to remote telecommuting. But in fact, this new rule came before the pandemic work-from-home craze. Some states didn’t conform to the new rule, and military personnel are exempt. But, in all likelihood, if you paid a pretty penny for a U-haul rental, movers, packing tape, and shipping expenses to work in a new city, you just have to eat those costs.
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