Question

Gary moved his family from Indiana to Utah due to a job transfer. They rented a moving van for $120. Gary's wife, Glenda, drove their car and followed the moving van the 1,500 miles to Utah. They spent two nights along the way and stopped to eat several times. Prior to the move, Gary and Glenda had flown to Utah twice to check out the area and find a place to live. Their tips did result in them purchasing a home prior to the relocation. Which of the expenses incurred in the move will be deductible for Gary and Glenda?

Answer 1

Potential deductible expenses for Gary and Glenda include the moving van rental cost, but meals, lodging, and house hunting trips are typically nondeductible personal expenses.

Step-by-step explanation:

Which of the expenses incurred by Gary and Glenda during their move to Utah will be deductible? While tax laws may vary and it's always best to consult a tax professional or the current IRS guidelines, typically, deductible moving expenses for a job relocation can include the cost of moving household goods and personal effects, and travel costs for oneself and members of the household. Therefore, the cost of renting the moving van for $120 would likely be deductible. Expenses for meals, lodging, and pre-move house hunting trips are generally nondeductible personal expenses.