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Did you know there are moving expenses you can write off while doing your taxes? Amidst all the craziness of finding the right house, packing boxes and hiring a moving company, there are several costs you can include in your tax documents, and it’s important to know what they are. Below, you’ll find the five most common moving expenses that could qualify as a write-off next tax season.

5 Tax Write-Offs From Moving Expenses

Corporate Relocations

It takes time to move an entire office, especially if you’re still working approximately 40 hours per week. From coordinating with the employees to getting everything packed in a timely manner, corporate relocations are considered by many accountants as eligible deductible costs.  

Moving Insurancemoving

Moving isn’t something people do on a regular basis. It could be a once-in-a-lifetime occurrence or a biannual change. Because it happens so infrequently, the insurance that’s obtained to keep your belongings safe during transport could be something to remember when tax season comes around.

Professional Movers

Working with an experienced moving company will ensure your possessions aren’t damaged during the move. This is an extra expense you wouldn’t normally pay for each year, so don’t neglect to include it when filling out your forms.   

Packing Supplies

Buying tape, bubble wrap and boxes isn’t a task that needs to be completed every week. Since these extra expenses do add up, it’s important to talk with your accountant about them before submitting your tax documents.

 

If you’re in the market for quality moving help, don’t hesitate to contact Nebraskaland Moving. Located in Lincoln, NE, these professionals specialize in nationwide residential moving and pride themselves in offering the safest solutions in the industry. Call (402) 466-8169 to schedule your appointment, or visit their website for additional information.

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