Q. Can I Tax Deduct Moving Expenses?
A. Yes, if your move is due to a change in jobs or business locations and your home meets certain requirements.
The first is a CLOSENESS requirement. You must have moved within 1 year of reporting to your new job or business location.
The second is a DISTANCE requirement. Your new home and work location must be more than 50 miles away from your old home and work location.
The third is a TIME requirement. If you are an employee, you must work at least 39 weeks after your first day reporting to your new job or business location within the 12 months after you move. If you’re self-employed, you must work 39 weeks within the first 12 months AND a total of 78 weeks within the first 24 months.
If you are a member of the armed forces and moved due to a military order or station change, you only need to satisfy the CLOSENESS requirement and NOT DISTANCE or TIME.
For the official IRS verbiage and all the specifics (make sure you read this!), visit their website here.