Month: May 2017

Deducting Moving Expenses

If you are moving to a new house to be closer to a new workplace, you can deduct moving costs from your taxes. These apply whether you are self employed or an employee of another company. In order to take advantage of these tax breaks, it is important to learn about what expenses are eligible.

Requirements to Qualify for Deductions During Your Gainesville Move

In order for your moving expenses related to storage, Gainesville movers and travel to qualify as deductions, your new house must be a certain distance away from your old one and you must continue working at your new job for a set amount of time after your move.

Distance

For the costs of lodging and Gainesville moving companies to be subtracted, your new primary office must be at least 50 miles farther from your new house than your original home was. This will be determined by the distance of the shortest route from your job site to your house. For example, if your current house is 10 miles away from your job, your future workplace must be at least 60 miles away from that same house. If you did not work while you were living in that home, your new job must be 50 miles away from your house.

Time

To prove to the IRS that your move is related to your job site, you must continue to work full time in the area surrounding your new office for at least 39 weeks during the next year after your move. If you are self employed, not only will you need to work 39 weeks in the next year in the area, but you will also be required to work there for 78 weeks during the next two years. In order to understand exactly what costs are deductible, IRS Publication 521 has a thorough record of possible expenses and Form 3903 can help you calculate the total amount that you can subtract.

Deductions for Your Moving Process in Gainesville, FL

When you are selling or buying your house, your deductions are not limited to the cost of movers in Gainesville, FL, and lodging. You can make claims on the actual sale or purchase of the building on your tax return as well.

Selling Your House

When you are putting your house on the market, you will be able to retain up to $250,000 from your tax return. However, in order to qualify for this deduction, you must be the legal owner of the property and be considered your primary residence for a total of two years out of the last five years. If you are married, file separately and both meet the eligibility requirements, you can claim up to $500,000. For more information, review the IRS Publication 523 for details on deductions when selling your house.

Purchasing Your House

Frequently, those who own their homes benefit from itemizing their deductions on their tax returns. Itemized deductions are preferable when the total amount of your deductions is more than the standard deductions. Your itemized list will include costs such as donations to charities, tax payments and casualty losses. As a homeowner, money that you use to pay off your mortgage or property taxes qualify as well. Publication 530 has more information on deductions related to your house while Publication 17 will help you decide whether you should itemize your tax returns or not.

Efficient Gainesville Moving Companies

If you are searching for a moving company Gainesville residents rely on, choose UF Mover Guys. Our team strives to ensure that all of your belongings arrive intact and on time. Contact us today to learn about our moving services.

How to Help Your Children Cope with Moving

Moving to a new house, city or state is difficult for anyone. From the search for reliable moving companies in Gainesville, FL, to setting up new utilities, the checklist never seems to end. For children, it is a whole other battle. Frequently, your children may not understand the reason why they must leave their house and school so it is important to try to make the transition as smooth as possible.

Difficulties of the Gainesville Moving Process

When children have to switch schools, leave their friends and live in a new home, they often experience high levels of stress and isolation. This is especially true if the transition occurs in the middle of the school year, causing them to fall behind in academics and feel like an outsider amongst the other students. For younger children, they may just be learning how to developmentally become separate from you, as their parent, and the move may cause them to become much more dependent again. Teenagers may have difficulty moving because so much of their stage of life is related to their social ranking and group of friends. It is important to be aware of the common indications of depression such as irritability, loss of appetite, sudden drop in grades, and increase in sleep so you can seek professional help if necessary.

Tips for Making Your Gainesville Move Easier for Your Children

Though your Gainesville movers will make the moving process simple, helping your children adjust might be more difficult. Here are a few helpful tips to make it easier.

Communicate Clearly

The most important thing you can do as a parent is to open a dialogue with your children. Clearly and calmly explain to them why the move is necessary for the family and why it is important for everyone to be supportive. Be sure to invite them to ask any questions and express any feelings they may have. If a child or teenager understands why the move is beneficial and feels heard, he or she may be more willing to accept the change.

Make the New City Seem Attractive

When a child first hears that they will be moving, most likely they do not know much about the area they are moving. Instead, the new city simply represents the place they do not want to be. While you are looking for Florida moving companies, spend some time researching what the surrounding area has to offer in order to help them to be excited about the prospect of their new home. For example, it might be close to an amusement park or the home of their favorite sports team.

Help Your Children Get Connected

When your children are resistant to the moving process, it is most likely caused by their desire to remain with their friends. Therefore, the sooner they are able to develop new friendships, the quicker they will begin to feel at home. Help them find sports teams, organizations and religious communities they can become involved with depending on their interests. If they are older, encourage them to try out for school teams, join an after school club or get a part time job.

Gainesville Moving Companies

If you are looking for efficient and reliable movers in Gainesville, FL, call UF Mover Guys. Our team will be efficient, honest and respectful to you, your family and your property. Contact us today to see how we can simplify your next move!