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Real Estate Tips
Self Employed >Moving And Taxes

Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.

You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.

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Real Estate Trivia
Q 
What famous example of post-colonial architecture is modeled after the palace of the Duke of Leinster in Ireland?

A 
The White House in Washington, D.C., begun in 1792 and burned by the British in 1814, was rebuilt in 1818 and restored in 1951.
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The Wolf Run Group, REALTOR®, real estate agent and broker for Northern Virginia, Fairfax and Clifton, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Lenahan
Wolf Run Realty

7601 Clifton Road
Fairfax Station, VA 22039
www.WolfRunRealty.com
Phone: 703-239-5800
Fax: 703-239-8108
Email: Homes@WolfRunRealty.com

NVAR & PWAR Million Dollar Sales Club Lifetime Top Producer

GRICRSCRBREALTOREqual Housing


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