If you are reconsidering the idea of moving your car because of the expenses involved, keep in mind that there are circumstances under which the costs qualify as tax deductible. This is not always the case and there are restrictions in place, but it’s a possibility worth exploring.
According to Publication 521, you don’t need to be moving for work in order to qualify for a tax rebate. However, you do need to be starting work as soon as possible after your move or after shipping your car. You also need to be moving at least 50 miles away from your old job. To that 50-mile minimum, you need to add the distance between your old home and your old job to meet the “distance requirement” set by the IRS. So for example, if you lived five miles from your old job, you need to be moving at least 59 miles away to qualify.
Finally, you also need to meet the “time requirement,” which specifies you must work at least 39 weeks within the 12 months following the move. So while you can wait a few weeks to start the new job, you can’t wait more than a couple of months or you won’t be able to meet this requirement.
Tags: Car Shipping, tax rebate