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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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What is considered the world's tallest building?
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The 185-story CN Tower in Toronto, Canada is the world's tallest free-standing building, rising to 1,815 feet. |
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The Schiavone & Shawver Team
William Pitt Sotheby's Realty International Realty
232 Danbury Road
Wilton, CT 06897
203-858-5140
ernieschiavone@NUMBER1EXPERT.com
Our personal guarantee to you and your family:
"No High Pressure Sales Tactics".
We will inform and guide you through the entire buying and selling process. Please consider us a valued real estate resource for Fairfield & Westchester Counties.
Ernie is a member of the Greenwich & Westchester Board of Realtors. He is licensed in Connecticut and New York State.
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