However, it became cost-prohibitive with the elimination of the
moving expense deduction, a casualty of 2017 US tax reform.
The
moving expense deduction was available, if appropriate.
The subtraction of unreimbursed employee business expense and the
moving expense deduction is to make the concept of expanded income comparable to years prior to 1987.
Moving expense deduction. Individuals may be able to deduct certain expenses for moving to a new home because of a new job or job relocation.
In the same vein, it would be beneficial if Revenue Canada clarified for taxpayers, to the extent possible in the same document, the relationship between amounts subject to an income tax inclusion under this provision and amounts eligible for an employee
moving expense deduction under section 62 of the Act.
The optional rate increased to $0.10 per mile for medical care travel or for a move that qualifies for the
moving expense deduction. And the rate for rural mail carriers increased to $0.465 per mile.
The court disallowed a
moving expense deduction, since the taxpayer's right to the offsetting reimbursement was sufficiently fixed and noncontingent so as to deny a deduction for the related expense.
The new law changes the distance requirement that taxpayers must meet to qualify for the
moving expense deduction, changes the classification of the deduction for moving expenses and restricts the types of expenses that qualify for deduction.
In addition to the traditional steps necessary to sever the old domicile and establish a new one, moving expenses may no longer be deductible (although many of the individuals making such a move may not have qualified for a
moving expense deduction under prior law).