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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Nancy Yearout
RE/MAX Properties of the Summit
220 South Main St., P.O. Box 4600
Breckenridge, CO 80424
Cell: 970-485-0293
Office: 970-453-7000
Toll-Free: 800-289-7005
Fax: 970-453-2922
Email: nancy@realestate-breckenridge.net

I have over 20 years experience in Breckenridge and Summit County real estate. Investment property is my specialty. I take care of the details - providing you with a trouble-free and enjoyable real estate transaction.