MOVING EXPENSES: BEFORE (2 OF 2)
01.Core Concepts
14 • Distance Test • The distance between the old home and the new job must be at least 50 miles greater than the distance between the old home and the old job location. • Time Test • Full time employee: 39 weeks out of the 12-month period following the move. • Self employed: 78 weeks out of 24-month period following the move. OBBBA maintains the TCJA rule changes for tax years after 2025. Old Home Old Job New Job