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Re: Re: Moving expenses

I moved from the east coast to the west coast by flying with all of the basic travel costs. I do not have the exact numbers (or even an estimate) nor the receipts.

Do you think it is worth the effort to try to recoup this tax? My marginal rate was probably around 30%. Thank you.

Re: Re: Re: Moving expenses

Hi, Jonathan.

If your marginal tax rate was 30%, then you would save roughly 30% of your moving expenses in federal taxes plus a potential % of state tax savings as well.

If you do not have receipts, do you have cancelled checks, bank statements and/or credit card statements proving you incurred these expenses? In addition, if you used a moving company, they should have proof of expense, which is sufficient back-up for your claim. The same applies to the airline, which should have a record of your expense.

You may want to look through your records to find the applicable moving expenses. Based on the information you have provided it sounds like it would be worth it.

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