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Moving Expense Deduction |
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Moving Expense Deduction A reduction in one's taxable income because of money spent in the course of moving to start a new job or to transfer in one's current job. This deduction is subject to certain restrictions. Specifically, only expenses incurred from the physical act of moving are deductible. For example, meals taken while traveling are not deductible, but the cost of gasoline may be. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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