Keep detailed records â some moving expenses can be tax deductible!
Keep detailed records of all moving expenses if your move is job related. Many expenses including house-hunting trips are tax deductible. If your move is 35 miles or more from your current home, you can deduct your familyâs travel expenses, including meals and lodging; the cost of transportation furniture, other household goods and personal belongings; food and hotel bills for up to 30 days in the new city if you have to wait to move into your new home; and the costs associated with the selling your own home or leasing your new home.
Note: For detailed information and qualifications please consult with your tax professional. Also, there is a ceiling on deductions which is outlined in detail in the IRSâ Publication 521, âTax Information on Moving Expensesâ, available free from the IRS offices.
Two Months Before Moving
- Sort through your belongings to reduce the number of things to move.
- Have a garage sale or donate items you no longer want or need.
- Decide whether to move yourself or hire professionals. Make reservations with a moving company or truck rental company.
- Gather packing supplies: boxes, packing material, tape, marker, and scissors.
- If moving from a long distance, make travel arrangements with the airline, hotel, and/or rental car agency. If you are driving to your new home get maps and plan your travel route.
- Save all moving receipts.
- Place your legal, medical, financial, and insurance records in a safe and accessible place.
- Purchase insurance coverage for valuables to be moved.
One Month Before Moving
- Start packing items that arenât regularly used such as off-season clothes and decorations and items in storage areas â garage, attic, and closets.
- Make travel arrangements for pets, if applicable.
- If you are driving, have your car tuned up.
- Get medical records from your doctors, dentist, optometrist, and veterinarian.
- Send items (rugs, drapes, clothing, quilts, bedding) to the cleaners.
- Back up important computer files before packing equipment.
Two Weeks Before Moving
- Contact your current utility companies and notify them of you impending move.
- Sign up for services at your new address.
- Call friends and family to recruit help for the moving day.
- Confirm your travel reservations.
- Arrange to close or transfer your bank account, if appropriate. Retrieve items in your safety deposit box.
One Week Before Moving
- Pick up items from the cleaners, repair shops, or friends.
- Pack a survival kit of clothes, medicines, special foods, et cetera to carry you through the day while you unpack.
- Finish packing all boxes except what you will need in the final week.
- Clearly label where each box should be going â living room, kitchen, master bedroom, et cetera.
Contact the following companies and service providers with your updated address:
Utilities Insurance Companies
_______ Electric _______ Auto
_______ Telephone _______ Home/Renters
_______ Water _______ Life
_______ Cable _______ Health
_______ Phone/Internet Business Accounts
Professional Services _______ Credit Cards
_______ Accountant Subscriptions
_______ Doctor(s) _______ Newspaper
_______ Dentist _______ Magazine
Government _______ Friends/Family
_______ IRS _______ Business Associates
_______ Post Office _______ Church
_______ Schools _______ Drugstore
_______ Library _______ Veterinarian
The Day Before Moving
- Set aside moving materials such as tape measure, pocket knife, and rope.
- Pad corners and stairways of house.
- Lay down protective floor coverings in entry and hall ways.
- Remove hanging fixtures.
- If you are moving yourself, pick up rental truck and a dolly to move heavy objects.
- If you are driving, check oil, tire pressure, and gas in your car.
- If you are flying, make sure you have tickets, bank cards, and other essentials.
Moving Day â carry with you:
- The keys to your new home.
- A map of your new town and directions to your home.
- The telephone number of the moving company, if applicable.
- Cash, credit cards, and/or travelerâs checks.
- Documentation related to the sale of your home.
- Your insurance policies and agentâs phone number.
- Your current address book or personal planner.
- Prescription and non-prescription medicines.
- Enough clothing and toiletries to get by if the movers are late.
- Any items of great personal value that you could not replace.
- Back-up copies of important computer files.
- Sheets, towels, and toiletries for the first night in your new home.
- Show movers where to place furniture and boxes.
- Check inventory to ensure that everything was delivered before signing delivery papers.
- Note any damages on the inventory sheet.
- Start unpacking!