how can retirees deduct moving expenses

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Subject Author Date how can retirees deduct moving expenses removeps-groups@yahoo.com 09-23-2009  Re: how can retirees deduct moving expenses Gene E. Utterback, EA, RF... 09-24-2009  Re: how can retirees deduct moving expenses D. Stussy 09-25-2009  Re: how can retirees deduct moving expenses removeps-groups@yahoo.com 09-27-2009
Posted by removeps-groups@yahoo.com on September 23, 2009, 10:29 pm Please log in for more thread options Is there any way for retirees to deduct their moving expenses? They move from one state in the US to another. Publication 521 seems pretty strict that at least one of them (if they are married) must work 39 weeks full time in the year after the move, or 78 weeks 2 years after the move, but I want to be sure I didn't miss anything. And would working two part time jobs, with a total of 40 hours per week, be considered full time? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by Gene E. Utterback, EA, RFC, AB on September 24, 2009, 1:16 pm Please log in for more thread options > Is there any way for retirees to deduct their moving expenses? They > move from one state in the US to another. Publication 521 seems > pretty strict that at least one of them (if they are married) must > work 39 weeks full time in the year after the move, or 78 weeks 2 > years after the move, but I want to be sure I didn't miss anything. > > And would working two part time jobs, with a total of 40 hours per > week, be considered full time? Your interpretation is correct - in order to deduct, the move MUST be related to work. I have never before considered whether two part time jobs equate to one full time job for the purposes of moving expenses so do NOT hang your hat on this - BUT I would be tempted to give it a try. Gene E. Utterback, EA, RFC, ABA -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by D. Stussy on September 25, 2009, 8:01 pm Please log in for more thread options > > Is there any way for retirees to deduct their moving expenses? They > > move from one state in the US to another. Publication 521 seems > > pretty strict that at least one of them (if they are married) must > > work 39 weeks full time in the year after the move, or 78 weeks 2 > > years after the move, but I want to be sure I didn't miss anything. > > > > And would working two part time jobs, with a total of 40 hours per > > week, be considered full time? > > Your interpretation is correct - in order to deduct, the move MUST be > related to work. > > I have never before considered whether two part time jobs equate to one full > time job for the purposes of moving expenses so do NOT hang your hat on > this - BUT I would be tempted to give it a try. The only exception I am aware of is for retiring military stationed outside of the U.S. They are permitted to deduct their move back to the U.S. (or at least at one time, they were). -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Posted by removeps-groups@yahoo.com on September 27, 2009, 8:10 pm Please log in for more thread options wrote: > The only exception I am aware of is for retiring military stationed outside > of the U.S. They are permitted to deduct their move back to the U.S. (or > at least at one time, they were). Publication 521 allows any retirees who were working abroad to deduct their moving expenses. BTW, the time test is the rule that you have to work full time 39 weeks of the year. http://www.irs.gov/publications/p521/ar02.html#en_US_publink100043392 Retirees or Survivors Who Move to the United States If you are a retiree who was working abroad or a survivor of a decedent who was working abroad and you move to the United States or one of its possessions, you do not have to meet the time test, discussed earlier. However, you must meet the requirements discussed below under Retirees who were working abroad or Survivors of decedents who were working abroad. If you are living in the United States, retire, and then move and remain retired, you cannot claim a moving expense deduction for that move. United States defined. For this section of this publication, the term “United States” includes the possessions of the United States. Retirees who were working abroad. You can deduct moving expenses for a move to a new home in the United States when you permanently retire. However, both your former main job location and your former home must have been outside the United States. -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2007) - All rights reserved. >> << ------------------------------------------------------- >> Similar Threads Posted Moving Expenses. January 18, 2007, 3:42 am Moving Expenses for Telecommuters February 18, 2007, 3:50 am Deducting moving expenses? May 9, 2007, 3:54 pm Moving Expenses - 1 Year or 2? 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