By: Jalenn Turre, Marketing, Business & Social Media Strategist
Money Saving Suggestions:
During packing time, think outside the box – some DIY (Do It Yourself). There are certain things you can use around your home for packing and you don’t need to buy new ones. You can save money that way. For example; you can use shredded papers as a cushion of big or breakable items. Packers and movers discouraged you to do this yourselves as they cannot make money of the packing supplies. However, the decision is yours.
Per IRS (Internal Revenue Service) Test whether you can claim deductions from your relocation expenses to new location, there are three items to think about; (1) distance test, (2) start date at work (3) employment status at new location
Within the United States, in order to gain deductions of relocation expenses, the new location of one’s home must be at least 50 miles farther from old home location. Relocating at international country will not be an issue, unless your original home is within 50 miles or less across the border of the neighboring country. When you are not certain with the actual regulation between cross border relocation, please consult an experienced international mobility specialist.
After your relocation date, you get confused regarding items that can be taxable or non-taxable prior to filing your tax, ReloNavigator can be your resource. Our Specialist can assist you in determining your options. Our International Expatriate Tax Specialist will be guiding you.
For inquiries regarding the strategic services of ReloNavigator, please call 1 (360) 312-4300.