Moving Expenses

Question 1

Are shipping cost deductible?

Answer 1

Yes

Question 2

Are storage costs deductible?

Answer 2

Yes

Question 3

Are travel costs deductible?
Are they deductible for the whole family?

Answer 3

Yes and Yes

Question 4

Which of the following are deductible:
Costs for changing address
Costs for replacing driver’s license

Answer 4

Both are deductible

Question 5

Which costs incurred to sell previous home are deductible?

Answer 5

Legal fees and realtor commission

Question 6

Are costs to maintain the property while vacant deductible?

Answer 6

Yes - only deductible up to $5,000 though

Question 7

Are temporary living expenses deductible?

Answer 7

Yes - Temporary living is only eligible to a maximum of 15 days

Question 8

Are meals involved in the move deductible? If so, how many $ are you allowed per day, per person?

Answer 8

Yes meals are deductible
Simplified method: You are allowed $51 per day for 15 days + 1 travel day
OR
Detailed method: You can keep receipts and claim the actual amount spent

Question 9

Are expenses for a moving truck deductibl?

Answer 9

Yes

Question 10

Can you carry forward moving expenses?

Answer 10

Yes

Question 11

Are expenses incurred for a new house dedutcible?

Answer 11

Yes, limited to:
Legal fees
Utility connection

Not deductible:
Purchase price of home

Question 12

Moving expenses are limited to _______________ __________

Answer 12

Employment income