moving expense


Also found in: Thesaurus, Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.moving expense - the cost of moving your residence from one location to another
disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
References in periodicals archive ?
A Moving Expense Incentive that reimburses employees for moving expenses to a new residence if recommended as part of the rehabilitation program approved by MetLife.
The 2001 standard mileage rate for medical and moving expense purposes will be 12 cents per mile, up from the 10 cents per mile rate in effect during 2000.
The new law changes the distance requirement that taxpayers must meet to qualify for the moving expense deduction, changes the classification of the deduction for moving expenses and restricts the types of expenses that qualify for deduction.
The IRS reset the optional standard mileage rates for 2005 in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes (www.
It would be difficult to justify enriching this bias by further allowing GST on a new house (an amount that may be quite significant on expensive houses) to be a deductible moving expense in such situations.
Fees associated with moving personal effects into a state, such as automobile impact fees, may be deductible based on a revenue ruling which allowed as a moving expense deduction the excise tax imposed by Puerto Rico on the introduction of a second automobile into the island by a taxpayer moving there from the U.
Mayflower Transit suggests that you consult with your accountant or tax advisor to see if you qualify for moving expense deductions -- either last year or this year.
OBRA(1) has substantially modified the employmentrelated moving expense deduction, both by restricting the expenses that qualify(2) and by moving the deduction "above the line.
Under section 82, moving expense reimbursements are includable in the employee's gross income.
Starting with tax year 1998, the Internal Revenue Service has eliminated Form 4782, Employee Moving Expense Information, which had been used to exclude employer reimbursements from an employee's gross income.
A limitation on moving expense deductions will impair the ability of American businesses to globalize their operations and remain competitive.
10 per mile for medical care travel or for a move that qualifies for the moving expense deduction.