Moving is an exciting step. Whatever the reason for your moving, it can help you lift the page of your life and go to the next chapter. However, moving can take a significant amount of your money. It’s especially true if you hire the best moving companies in Los Angeles. The reason for this is that you will pay the company money to help you pack and move your stuff to your new house or apartment. And if you’re preparing for tax season, you may start to question whether the expenses can be tax-deductible?
Are Moving Expenses Tax Deductible?
Moving expenses could be deducted from your returns. However, with the passing of the Tax Cuts and Jobs Act, most of you can’t subtract moving expenditures from federal taxes. Only active-duty military members can deduct moving expenses.
Read more about best moving companies in Los Angeles at Elite Moving & Storage.