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Jeana Cowie is your Bergen County Real Estate Agent Expert! Over 600+ homes SOLD!! Call Jeana Cowie today at Cell# 201-982-2200
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Request My Free Relocation Package! Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate to Bergen County, NJ! Find Out More > View All Offers >
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Self Employed >Moving And Taxes
Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.
You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.
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What time of year is considered the busiest for homebuyers and sellers?
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Real estate is a year-round business, but spring is still considered the best time of year to showcase a home. |
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