Question

Are all reasonable moving expenses deductible if the move is a minimum of 35 miles in distance from the taxpayer's old residence to the taxpayer's new residence?

1) Yes
2) No

Answer 1

Not all reasonable moving expenses are deductible, even with a move exceeding 35 miles. The deductibility depends on specific qualifications and tax laws, which currently disallow such deductions for most taxpayers due to the Tax Cuts and Jobs Act suspension for 2018-2025, except for certain Armed Forces members.

Step-by-step explanation:

The deductibility of moving expenses is governed by specific tax laws and has seen various changes over the years. As of the most recent tax law changes and barring any updates post-2023, not all reasonable moving expenses are deductible, even if the move exceeds 35 miles from the taxpayer's old residence to the new. Taxpayers needed to meet certain conditions, such as those related to the distance and time tests, and the move had to be closely related to the start of work. Moreover, as a result of the Tax Cuts and Jobs Act (TCJA) of 2017, moving expenses deductions were suspended for tax years 2018 through 2025, except for members of the Armed Forces on active duty who move pursuant to a military order.

Therefore, the correct answer to whether all reasonable moving expenses are deductible if the move is a minimum of 35 miles is: 2) No.