Yes, it is not a joke! You have a minimum of 50 miles distance when you like to claim expense credits when filing your taxes. Oftentimes, many individuals do not get it. However, ReloNavigator knows and they can help you if you don’t undertand.
By: Jalenn Turre, Marketing, Business & Social Media Strategist
Individuals and their family members, when relocating to new locations are new experiences; somehow understanding the implications of taxes on various expenses from old location, during transition and at new location are quite overwhelming.
Per IRS (Internal Revenue Service) Test whether you can claim deductions from your relocation expenses to new location, there are three items to think about; (1) distance test, (2) start date at work (3) employment status at new location
Within the United States, in order to gain deductions of relocation expenses, the new location of one’s home must be at least 50 miles farther from old home location. Relocating at international country will not be an issue, unless your original home is within 50 miles or less across the border of the neighboring country. When you are not certain with the actual regulation between cross border relocation…
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