NEW YORK (MarketWatch) -- Were you one of the 25 million tax-paying Americans who changed homes in 2006? If so, you might be due big tax savings. According to real estate attorney and columnist Bob Bruss, your household moving expenses can be deducted as an adjustment to gross income.
Deductible expenses include any direct household moving costs, such as hiring a moving van, shipping expenses, moving insurance, and airline, train or bus fare to your new city. If you drive yourself, you can deduct gasoline and oil bills. The cost of lodging en route (but not meals) is also deductible.
read more: http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BFBA6FCE9%2D71D8%2D455F%2DB45B%2D5B9B496B9A79%7D&siteid=mktw&dist=nwhreal
Friday, January 26, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment