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Real Estate Tips
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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Real Estate Trivia
Q 
What Elvis Presley film showcased Coco Palms in an outrigger canoe wedding scene?

A 
Blue Hawaii (1961)
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Team Wakefield, REALTOR®, real estate agent and broker for Bentonville, Fayetteville and Bella Vista, Arkansas home listings, property and land for sale - NUMBER1EXPERT

Team Wakefield
RE/MAX Real Estate Results

3103 Moberly Lane
Bentonville, AR 72712
479.621.3927
michaelwakefield@NUMBER1EXPERT.com


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