The Save Money Blog » Tax Tips http://www.savemoneyblog.net Money saving and money making tips blog. Mon, 06 Feb 2012 02:58:53 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Are Your Moving Expenses Deductible? http://www.savemoneyblog.net/tax-tips/are-your-moving-expenses-deductible/ http://www.savemoneyblog.net/tax-tips/are-your-moving-expenses-deductible/#comments Wed, 02 Dec 2009 03:19:32 +0000 admin http://www.savemoneyblog.net/?p=284 A old friend was recently griping to me about his cross country moving that he is doing at the end of the year for a new job. It got me to thinking that maybe he can write off some of his expenses on his tax return. After googling around for awhile I found out that he probably can write off his moving expenses.

In Canada, if you are moving 40kms to take a new job or even attend school full time then you can write off moving expenses. You may be eligible to write off your transportation costs, storage costs, legal fees, real estate fees and even utility costs. Talk to the person that does your taxes and see if you qualify.

The lesson here is that if you are embarking on something large and expensive like a move then save all of your receipts and see talk to somebody and see if you are eligible for tax savings.

moving costs

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