Tax Deduction for Moving Expenses
While the itemized tax deduction for moving expenses was eliminated in 2018, the IRS Topic No. 455 states,
“If you’re a member of the Armed Forces on active duty, you may be eligible to deduct moving expenses if your move was due to a military order and permanent change of station. You may be able to deduct your unreimbursed moving expenses for you, your spouse and dependents”.
Go to the IRS website at IRS Topic No. 455 for more information or inquire with your tax preparer or accountant.
Please note that IRS regulations are subject to change and the information contained in this blog is not considered professional tax advice.
