Moving Expense Deduction

Moving Expense Deduction means:
a deduction for AGI for certain amounts paid to or on behalf of an individual to move to a new residence. Some of the costs of moving in connection with taking a new job are deductible. To qualify for the deduction, the new job must be at least 50 miles farther from the taxpayer old home than his or her (the taxpayer) old job was. Deductible expenses include the cost of moving his or her household goods, as well as travel and lodging expenses for the taxpayer and his or her family. If the taxpayer moved to take his or her first job, the 50-mile test applies to the distance between the taxpayer old home and his or her new job. The taxpayer can take this deduction even if claim the standard deduction rather than itemizing deductions on his or her return.The taxpayer's new job must be at least 50 miles farther from his or her former residence than the former job. The taxpayer must be employed on a full-time basis at the new location for 39 weeks in the 12-month period following the move. Deductible moving expenses include the cost of moving household goods, transportation expense, and lodging during the move. IRC (check if this IRC provision is current here) §§62 (a)(15), 132(a)(6), and 217.