IRS Gov Jobs
April 18th, 2007
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Question: Moving expenses and allowance received for tax season.?
My wife and I moved from Virginia Beach to Ohio last spring for a job related transfer. Her company gave us 25k for the move which is reported on her W2. Can I also deduct the money we spent for the move on my taxes as I itemize? I checked irs.gov and I do qualify for the deduction based on the mileage test. Thanks for any help.
Answer: Use form 3903 when completing your tax return. If the employer was paying for qualified moving expenses they should not have put that in the W-2. The W-2 should only include non-qualified expenses that the employer paid you for.
If you follow the form you will get to deduct the costs of moving as a deduction in arriving at adjusted gross income.
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