For those who moved in 2010, you may find tax deductions to write-off some of those hefty moving expenses.
You can write off relocation costs on your taxes, as long as the move is work-related, according to the IRS.
Some IRS-approved deductions for moving include the costs to move household goods and personal property, limited storage and insurance fees, and utility connection or disconnection charges, according to Bankrate.com. The IRS also allows for some deductions with lodging and travel expenses near your new and former homes, as well as shipping costs for your car and even the travel arrangements for your pets.
Here are some tips for claiming moving-related tax deductions, according to Bankrate.com. Click Start to see these tips.
Source: “Let Uncle Sam Help Pay for Your Move,” Bankrate.com (February 2011)