What Are Moving Expenses?
Moving expenses are potentially tax-deductible expenses that are incurred when an individual and their family relocate for a new job or due to the location transfer of an existing job. After certain baseline criteria are met for time and distance, individuals used to be able to deduct qualifying moving expenses for roughly one year after beginning the new job.
However, the Tax Cuts and Jobs Act of 2017 (TCJA) eliminated this deduction for tax years 2018 through 2025, except for members of the military on active duty who move as the result of a military order. For members of the military who still qualify, we discuss below how the tax deduction for moving expenses works.
