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Real Estate Tips
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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Real Estate Trivia
Q 
What is considered the oldest surviving non-native building in the U.S.?

A 
The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.
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Janet DePalma, REALTOR®, real estate agent and broker for Nutley, Belleville and Bloomfield, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Janet DePalma
Coldwell Banker Franklin Realty

527 Franklin Avenue
Nutley, NJ 07110
973-235-1312
Fax: 973-235-0718
janetdepalma@NUMBER1EXPERT.com


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