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Self Employed >Moving And Taxes

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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Q	Fewer than 2 percent of homeowners build this type of home:
A	Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
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Tammy Mrotek, REALTORŽ, real estate agent and broker for Lake in the Hills, Huntley and Carpentersville Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Tammy Mrotek
Realty Executives Cornerstone
2390 Esplanade Drive, Suite 200
Algonquin, IL 60102
Tel: 847-561-2798
Email: tammymrotek@NUMBER1EXPERT.com
When you are buying or selling property in todays real estate market, its important to have confidence in your real estate professional. Tammy's commitment as your local REALTORŽ is to provide you with the specialized up-to-date real estate service you deserve. Licensed since 1994, Tammy is a dedicated full-time professional working for her clients seven days a week. If availability, dependability, knowledge, and integrity are on your list of 'must haves' for a professional, Tammy is definitely a choice you want to make!

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