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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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What are considered the ideal conditions for a buyer's market?
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In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
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Tabatha Davis
RE/MAX First
2608 East Parkway
Russellville, AR 72802
479-747-2466
Fax: 479-967-0033
TabathaDavis@NUMBER1EXPERT.com
Listing information courtesy of: RE/MAX FIRST
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