Planning a Job-Related Move? Here's Why You'll Want to Make It This Year
We all know that moving is expensive, and if you have a lot of boxes and suitcases to haul, your costs might border on astronomical. In fact, the average in-state move costs roughly $2,300, according to the American Moving and Storage Association, while the average interstate move costs $4,300. Ouch.
There is, however, a way to make your move more affordable, and it's to snag a tax break in the process. Under the current tax code, you're allowed to deduct the cost of a move if you're relocating for job-related purposes. Though there are certain criteria you'll need to meet, which we'll get into in a minute, if you qualify for the deduction, you'll get to write off the cost of hiring movers, paying for storage, and any other reasonable related expenses.
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Source: Fool.com
