Relocation expenses = tax return
Hi all
I am an American citizen due to my father being from Pennsylvania. In October 2017, I decided to move to NYC after being hired from abroad. My firm did not have to pay for my visa, as I am an American citizen. My question here relates to taxable deductions, as I am currently filing taxes and seeing what deductions apply to my case. I wondered if it was possible I could file for relocation expenses? Given that I satisfy the below criteria Distance: Your new job location is at least 50 miles further away from your old home than your old workplace was from your old home. Example: Brandon’s old job was 5 miles away from where he used to live. His new job is 55 miles away from where he used to live, so he qualifies for this deduction. •Work time: As a general rule, you will work or you expect to work at least 39 weeks during the first 12 months after you arrive at your new job location. I'm questioning whether I can use this deduction since I moved internationally, however I have been a US citizen since I was issued a US passport in 2014. Many thanks in advance. |
Re: Relocation expenses = tax return
Why were you not a US citizen at birth? Presumably/ hopefully you used streamlined procedures to catch up with 2014, 2015 & 2016. Moving expenses are indeed deductible - and treated as US source which is helpful.
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Re: Relocation expenses = tax return
I hadn't filed taxes as I wasn't living in the USA nor was I earning US wages?
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Re: Relocation expenses = tax return
Originally Posted by jamel0226
(Post 12425961)
I hadn't filed taxes as I wasn't living in the USA nor was I earning US wages?
HTH. |
Re: Relocation expenses = tax return
Originally Posted by jamel0226
(Post 12425961)
I hadn't filed taxes as I wasn't living in the USA nor was I earning US wages?
|
Re: Relocation expenses = tax return
Originally Posted by jamel0226
(Post 12425961)
I hadn't filed taxes as I wasn't living in the USA nor was I earning US wages?
There is a very low de minimis exemption - if you earn less than, I think, $4,000 you don't have to file an annual return for that year. |
Re: Relocation expenses = tax return
Also don't forget to register for Selective Service if you are still below the cutoff age.
https://www.sss.gov/Registration-Info/Who-Registration |
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