AZ Brothers Moving Expense Worksheet

Every year, people move for a variety of reasons. Whether because of school, work, or business, we pack our bags and move our families miles away from home. Such moves can be extremely expensive.

Many people struggle with recovering their finances afterword. The long-term effects can also be a source of worry. More so when tax season is just around the corner. az brothers tax deductible moving expenses worksheet

Maybe you’re wondering what moving expenses can be deducted from your taxable income? Can such expenses go toward lowering your tax liabilities?

In the following article, we discuss what moving expenses are tax deductible. Read on to download our free moving expense worksheet to fill out.

Learn how to deduct your expenses from your taxes hassle free.

Important Things to Keep In Mind

One way to do this is to keep a Cash Flow chart. Keep track of what you spend and what you receive during your move.

Employer reimbursements for the move would count toward your deposits. You will need to keep track of the reimbursement for tax purposes.

Keep all of your receipts. How you do this is up to you. You might scan your receipts and save them to your computer.

You might keep them in an envelope or folder. You could also take pictures of them on your phone. It may help you to make a hand-copy of the receipts on another slip of paper.

However you decide to keep track of them, make sure you are consistent and accurate.

Once you move in remember that you must change your address with the IRS. If you don’t your tax returns will go to your former address.

There are multiple ways to change your address:

• Change your address when you file your taxes the following year
• Send a Written Statement to the IRS with your full name, old address, new address, and social security number
• Call the IRS and tell them your new address
• Fill out IRS Form 8822 Change of Address or Form 8822-B Change of Address or Responsible Business

The Distance Test Qualification

You must pass two tests to qualify for tax deductions on moving expenses. These tests are required by the IRS. The first is the Distance Test. Moving in the same town will not qualify for this test.

The distance between your new job and your old home must be 50 miles farther than your old job was from your old home.

For instance, say a couple is moving to Flagstaff from Phoenix. Their old home was 25 miles away from their old house. Their new house is at least 144 miles from their old job.

The difference between 144 and 25 is 119 miles. Since 119 miles is greater than 50 miles, the couple would qualify for tax deductions.

Now let’s say the couple is moving from Peoria to Scottsdale. They work 10 miles from their old home. Their new home is 40 miles from their previous work.

That creates a difference of 30 miles, which is below 50 miles. Therefore, this couple would not qualify for tax deductions.

In these calculations, you must use the shortest commute route possible.

The Time Test Qualification

To qualify for tax deductible moving expenses, you must begin working in your new location quickly.

The IRS requires a minimum of 39 weeks of full-time work within a year in order to qualify for deductions. This period begins the day you move into your new home.

However, the weeks do not have to be consecutive. The IRS also does not have any specific definitions of “full-time”. Instead, they base it on the standards of your new employer.

Special Circumstances

There are some circumstances that exempt you from passing the Time and Distance Tests:

• International Moves: If you are moving abroad, the IRS assumes that you qualify for the distance test.
• Victims of Natural Disasters: Relocating after a natural disaster can take a lot of time. No one can predict when they will hit. The IRS understands that these circumstances are out of your control.
• Military Moves: These moves are exempt from passing the tests only if they are a Permanent Change of Station.

Tax Deductible Moving Expenses

The IRS has many moving expenses that it counts toward tax deductions. In general, the deduction covers anything within reason. Such expenses include:

• Travel Expenses: cost of lodgings, commercial transportation, vehicle expenses
• Transportation Expenses: cost of moving companies, packaging and boxes, shipment of other vehicles and/or family pet
• Storage Units: only up to 30 days

Anything that directly impacts your finances because of moving can be deducted from your taxes.

Non-Deductible Expenses

It may be easier to understand what is deductible by knowing what is not deductible. Items include but are not limited to:

• Expenses of new home
• Car tags/insurance
• Furniture purchases
• Vehicle maintenance
• Home improvements to sell previous home
• Remodeling of new home
• Temporary living expenses (apartment rentals)

If the expense is not made in the move itself, then it is most likely not deductible.

How to Claim Your Deductions

Knowing what you can claim can only get you so far. Knowing how to claim your deductions is essential to lowering your tax liability in the future.

When you file your next tax return, simply attach IRS Form 3903 to your tax returns. Some tax filing programs will walk you through filling the form out. Some automatically fill the form out for you.

You can also fill out AZ Brothers Tax Deductible Moving Expenses worksheet and take it to your accountant.

Even without the worksheet, an accountant will be able to help you determine what you can deduct based on your moving expenses.

Our Moving Expenses Worksheet

AZ Moving Brothers provides you with a free worksheet to determine what items are tax deductible. The worksheet allows you to fill out your spending.

If the math scares you, never fear. Our worksheet will total your spending up at the very end. Use the worksheet to keep yourself organized and keep track of your spending.

Making the Move

The Tax Deductible Moving worksheet will alleviate any misgivings you have about moving. Knowing what you might get back from taxes helps determine your overall costs for moving. However, you still need to make the move.

You may decide that utilizing a moving company can save you some money. If so, contact AZ Moving Brothers for an estimate. They are a family-owned moving company with extensive experience in the Phoenix area.

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Why Hire A Local Moving Company?

If you are moving to a new home in Phoenix, you probably have been considering hiring a moving company to transport your goods. Though many families believe that hiring movers may be too expensive to deal with, there are a lot of reasons why hiring a moving company in a town like Phoenix can be a very smart move. Here are some of the biggest reasons why you should consider getting professional movers to help you out.

A good moving company will be able to help you safely pack more delicate and fragile items.

You don’t want antique vases and tables getting harmed in the process of moving, so getting the help of professionals who are knowledgeable about getting items from point A to point B in one piece can be a smart preventative measure to take.

It will save you a lot of time. Being able to get yourself situated can take a long time if you are expecting friends and family to be the ones to help you out. Movers can help you unpack and unload, making the entire transition much, much quicker.

Your friends will breathe a sigh of relief. No one wants to have to deal with a day of moving if it isn’t absolutely necessary.

You will be able to take fewer trips back and forth. Movers can sometimes fit in an entire home in a single moving truck thanks to their experience and knowledge in the field. This translates into fewer trips for you to make, and a lot less gas money spent.

A Professional Moving Company can also provide you peace of mind. There is something to be said about knowing that your property will be treated with the care and kindness that it deserves, and also knowing that your stuff will actually reach your new home at the right day and time. Opting for a moving company instead of a bunch of neighbors will ensure that your stuff is treated well, and will also remove a lot of the logistics troubles that come with moving.

Of course, the biggest advantage to using movers is that you get the convenience that comes with their services. This means that you won’t have to deal with too much heavy lifting, nor will you have to deal with logistic issues, and really, doesn’t it make sense to cut out the hassle of moving whenever it’s possible to do so?

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Moving to a new home or office can be a very exciting time. Maybe you’re finally moving into that dream home, or your company has outgrown your current office space. Whatever the case may be, the excitement of a new location may be drowned out by the thought of moving. Moving is no easy task either. Several months of the year are spent under the hot, scorching sun, making moving a real chore. When you think about the sun, sweat, and tears you’ll spend moving, hiring professional movers may start to sound more appealing. Arizona Brothers Moving has outlined two reasons you’ll want to hire their professional movers in Phoenix.

Risk Of Injury

If you’re over 30, chances are your body isn’t as young and resilient as it once was. If you are not accustomed to moving heavy items or boxes you may be using the wrong form, which can result in major injuries. Hundreds of homeowners move their household furniture without the help of professional movers, but why take the risk? Your health is much more important than saving a few dollars. Moving your household furniture alone may even cost you more than the professional moving company if an injury results in doctor visits and time away from work. Make the smart decision to choose affordable movers in Phoenix to save your well being for the best part of moving, unpacking.

Keeping A Timely Schedule

If you’re making a corporate relocation in Phoenix you’ve got a big task ahead of you. The key to corporate relocation is moving quickly and efficiently to save on costs and downtime. If you are thinking that you’ve got an office full of movers to help, you are wrong. The hours it takes your team to move, is greater than the cost to hire movers. Movers are more affordable than you think! They say time is money, what are you spending your time on? Hire the professional movers who are efficient, fast, and happy to help with your corporate relocation needs.

Choosing Professional Movers in Phoenix

Arizona Brothers Moving is a family business serving the Arizona Valley for decades. Our movers are experienced in moving household furniture and corporate offices with care. We take great pride in thousands of successful moves with no property damage. Don’t take the risk of an injury or damaged goods, we promise to move you in a quick manner with detailed attention to your personal belongings. Schedule movers today.

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Moving is a huge source of stress for many people, but it doesn’t have to be that way. Here are a few steps from our Tempe movers you can take to save money, expedite the relocation process, and have the peace of mind from no loose ends.

Plan and Gather Supplies

Start the moving process with gathering supplies. Boxes and other moving supplies can add up to a significant sum of money, but being resourceful can save you some money. Contact your local furniture stores and ask them if you can come pick up some of their used boxes, ask friends if they have any moving supplies left-over, and hit up Craigslist for some used goodies.

Know exactly which bills you are responsible for paying, and call to set a service switch. Change the address you have on file with your bank, and fill out a change of address form online. Lastly, figure out what your moving costs will be and set a budget. Contact Arizona Brothers Moving to make your move that much smoother.

Read More: 2 Reasons To Hire Professional Movers

Purge Unwanted Household Items

After the planning is over, the moving process gets much easier. Before packing, do a sweep through each room and gather the items you no longer want, and donate or sell them. Lighten the load for lower moving costs. You may come across more donatable items later, but purging now can get rid of the extra burden.

Packing

Set aside essential toiletries and clothing, as if you were leaving for vacation; you won’t have to worry about rummaging through your already packed boxes later. Next, gather items (such as bed sheets) that you will want as soon as you move into your new home, and put them in clearly labeled boxes. You won’t have to dig through several room’s worth of stuff to find necessities.

Set aside soft items such as towels and pillows, as these can be utilized as padding later. Alleviate the later stress of unpacking by putting other items in room-specific boxes, starting with the least necessary items (such as wall decorations and stored items) and progressing to the essentials.

To ease the hassle of moving, a reputable Tempe moving company is essential for transporting your assets. Arizona Brothers Moving Company is composed of trustworthy and experienced movers who are dedicated to providing clients with an expedited and worry-free moving process. Arizona Brothers Moving Company understands the importance of conscientious, efficient, and safe practices for creating a smooth moving process.

The post 3 Ways to Plan and Prepare for Moving Day appeared first on AZ Brothers Moving.

Read More: 3 Ways to Plan and Prepare for Moving Day

Get Organized

One of the most important aspects of moving is getting prepared to move. You need to start early to plan and pack everything in your home. Give yourself time to get ready for moving by taking time off work and actually going through your belongings. Donate the items you do not need, and toss other items that are no longer valuable enough to hand off to others. Start packing for your move at least a month in advance as it takes a lot of time to find everything and getting organized. Clearly label all of your boxes so you know where they need to go in the new home.

Keep Boxes Light

As you move your belongings, you will find it is physically exhausting to bend and lift everything from your old home to your new home. If you are moving in Phoenix, you need to plan on keeping your boxes of items lighter as they can become too heavy. Since the heat comes up quickly, you can become lightheaded easily if you lift too many heavy boxes. Professionals have access to boxes of all sizes and shapes, making it easy to pack up everything safely and securely move them to your new home.

Read More: 2 Reasons To Hire Professional Movers

Organize Your Electronics

One thing most people do not think about is setting up their electronics at their new home. Moving companies recommend that you take pictures of all your electronics so you know how to set them up in your new home. Take notes of where the cords go so you can properly ensure they are set up correctly in your new home.

Professionals have the right supplies and organizational skills to make the moving process go quickly and easily. If you are ready to move, call Arizona Brothers Moving today as they will be able to help you pack up your home and safely and securely move your supplies to your new home stress-free!

The post Moving Tips From The Expert Movers – What You Need To Know appeared first on AZ Brothers Moving.