Money in the Bank
You’d likely be more than grateful should any of the Irvine moving companies you’re considering offer you very attractive rates. Indeed, you’d feel as though a friend has just dropped a bundle of cash into your bank account. Nice friend, lowering moving costs like that. It’ll save a tidy sum in the long run. But Irvine movers aren’t the only ones who can help you save money when relocating. In fact, you’re probably not a stranger to this method of cost-cutting. The method is popularly known as the tax deduction. The good news is, at least some of your move-out costs may qualify for this money-saving option.
Perhaps you already knew that Uncle Sam offers deductions for moving costs. But, as with virtually every other type of deduction, certain criteria must be met in order to qualify. One of the main criteria is relevance to your job. If the move somehow relates to your employment, certain expenses may qualify for deductions. Among the specific requirements set forth by the U.S. government are the following —
• Your new place of employment must be a certain distance further from your previous home than your old place of employment was.
• You must put in a specified number of workdays over a designated period of time after moving into your new home.
Understandably, an Irvine moving company can’t advise you on these matters. Our role is limited to making suggestions. To get the full lowdown on deductions for moving expenses, you absolutely must consult with a tax professional.
If you have questions about saving money when moving, be sure to reach out to Executive Moving Systems. Among the leading Irvine moving companies, we provide prompt, dependable service no matter how big the job. When you need reliable Orange County movers, you can count on Executive Moving Systems to get it there safe and sound.