I have to relocate for my job. Am I only allowed to deduct moving expenses if I buy a home in my new location?
You are not required to rent, lease or own your home to deduct moving expenses. In order to deduct moving expenses your move will need to meet all of the following requirements:
- Your move relates to the start of work
- Your new job is at least 50 miles farther from your previous home than your old job location was from your old home.
- You are a full-time employee and you work for at least 39 weeks in the 12 months following your arrival.
Members of the military required to move as an order and permanent change of station are exempt from the distance or time test.
To deduct moving expenses on your tax return you will need determine your expenses using Form 3903: Moving Expenses. Once you have determined your expense, you will need to complete Form 1040: Individual Income Tax Return to file your taxes.
If your employer reimbursed you moving expenses, you cannot deduct moving expenses on your tax return.
Learn more about deductible and nondeductible moving expenses from IRS Publication 521: Moving Expenses.
Do you have unreimbursed expenses to include on your tax return? Learn how to claim unreimbursed employee expenses with IRS Form 2106.
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