How to Write Off Your Move to Ludlow, VT

Many home buyers are not aware of the fact that most moving expenses for a job-related move are tax deductible. If you want the savings, however, it is extremely important to keep detailed records of all moving expenses, including house-hunting trips, if your move is job-related.

If you are moving more than 35 miles from your current home, you can deduct all kinds of moving expenses, including but not limited to: your family’s travel expenses, including meals and lodging; the cost of transporting furniture, other household goods, and personal belongings; food and hotel bills for up to 30 days in the new city if you have to wait to move into your new home; and the costs associated with selling your old home or leasing your new home.

The IRS’s Publication 521, “Tax Information on Moving Expenses,” provides all of the details on deducting items related to your move, including limits to how much you may deduct. You can download the publication using the link above, or pick it up for free at any IRS office!

Thinking about moving to Ludlow, VT? Start by searching the MLS here, or call me at 802-353-1983 for all of your Ludlow VT real estate needs!

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2 responses

  1. hello i think this is great to you
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  2. Successful Agents | Reply

    In the past few years I’ve been researching who are the successful agents, tried to figure out why top agents are top agents.
    Do they have a common educational background? No. Good ones have high school diplomas, masters and doctorates. No correlation.
    Similar previous careers? No. One of the best agents I know used to teach baton twirling. I doubt if I could find a lot of those if I tried! I’ve had waiters, teachers, high powered executives and stay-at-home Moms who were all very successful.
    Common interests? No. Other than eating, (which we Realtor-types seem to do exceptional well) the interests are widely diverse.
    After 13 years in real estate sales and management, I’ve only found a few constants.
    1. Successful agents treat the real estate business as a business. They actually have a business plan and a budget. They understand that you have to spend money to make money. They know how many sales they need to make the income they require and then they figure how they’ll get from here to there. They plan in advance and execute the plan.
    2. They actually work when they work and play when they play and take a day or two off every week. (Just like a “real job!”)
    3. They have fun and enjoy selling real estate but know that it won’t be forever.
    4. They buy a lot of real estate for investment when they see good deals because they know that no one gets rich selling the stuff. You get rich owning it! Financial independence gives one a lot of freedom, autonomy and a certain air of confidence that smells like success.
    . . . And people like to do business with successful people so they do more business!
    That’s why I choose this realtor http://www.realtydirectorymakers.com/ for my future

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