Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-11-2014, 11:24 AM
Junior Member
 
Join Date: Apr 2014
Posts: 1
Smile tax refund for moving twice

Hello

Please help me with determining if I am eligible for a tax refund for moving twice.

I worked in Texas from Jan 2013 - march 15th 2013, moved to Oklahoma from March 16 2013 - May 3rd 2013, then moved back to Texas May5th 2013 - end of year.

Distance from Houston, TX to Tulsa OK is about 500 miles.

In this scenario, do I qualify for moving expense refund, kindly help.

Thanks
Uno



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 04-12-2014, 05:44 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by unoerudite View Post

#1;I worked in Texas from Jan 2013 - march 15th 2013, moved to Oklahoma from March 16 2013 - May 3rd 2013, then moved back to Texas May5th 2013 - end of year.

Distance from Houston, TX to Tulsa OK is about 500 miles.

#2;In this scenario, do I qualify for moving expense refund, kindly help.

Thanks
Uno

#1;so I assume that you are a full year resident of TX and a part year resident of Oklahoma then y ou must pa tax to Oklahoma inly on your income that you earned in OK to OK; do not report your income that you earned in TX to OK. Then as there is no state income tax in TX you can claim tax that you paid took n your 1040 aslongas you itemize deductions on your return.

#2; If you moved to start a new job, or to seek work in a new city, you may be able to deduct the cost of your moving expenses from your income. Qualifying expenses include costs for packing and shipping your household goods and personal property, and costs for travel and lodging. Meals are not deductible as a moving expense. You can deduct the cost of moving expenses that exceed any reimbursements from your employeryou can deduct your moving expenses if you meet these three requirements:Your move is closely related to the start of work. and.You meet the distance test. IRS has very strict rules surrounding who can claim moving expenses on their tax return. Your move will meet the distance test if your new job location is at least 50 miles farther from your old home than your old job location was from your old home; Closely related in time, means that the move occurred within one year from the date you started to work at the new location. It's not necessary that you arrange to work before moving to a new location, as long as you actually do go to work.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
IL S Corp moving to NY klft S-Corporation 0 09-25-2009 10:51 PM
Moving to NJ but will still be working in NYC Ryan_JerseyCity Miscellaneous 1 09-21-2008 03:16 PM
Moving S Corp from OR to TX corell S-Corporation 1 02-22-2008 10:06 PM
Moving Soon? Let the IRS Know Samatg General 0 01-23-2007 07:57 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.