Moving expenses, taxes and relocation benefits

Moving costs used to be deductible for many people moving for work. That changed, but there are still ways to get help.

Taxes

• Since 2018, the federal moving expense deduction has been limited mainly to active-duty military members moving under orders
• Some states have their own rules
• Changing states can change your state income tax; check both states' rules for the year you move

Relocation help

• Ask a new employer whether they offer a relocation package or lump sum
• Relocation payments from an employer are usually taxable income; ask how they're handled
• Keep every moving receipt in one folder

General information, not tax advice. Check IRS.gov or a tax professional. Penny Home Pros isn't paid by any mover, broker or landlord.