If your move is prompted by work concerns, you might be eligible for a tax deduction. After arranging for Jacksonville Movers to pack up your belongings, take a look at these requirements:

1. The Move Must Be Work Related

If you have been hired by a new company in another state or you have been promoted to a new office, the move that is influenced by your job can put you in place to qualify for the moving expenses tax deduction.

2. The Distance Requirement

In order to qualify for the tax deduction, you need to compare the distance between your old home and job with that between your old home and new job. To fulfill this requirement, the distance must be at least 50 miles further than the original distance. For example, if you lived 30 miles away from work in your first home, then the new job must be at least 80 miles away from the old home.

3. The Time Requirement

There are two parts to this requirement. The first one is that the moving expenses are generated during the first year of starting the new job. The second part of this requirement is that you work full-time for at least 39 weeks of that year. This is different for those who are self-employed; an entrepreneur has 24 months and must work full-time at least 78 weeks in that amount of time.

If you think that you might qualify for this tax break, talk to a tax professional. For your other moving questions, visit with your Jacksonville Movers to get answers.