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Top 9 Most Hassle-Free Deductions on Taxes

August 30, 2022 · Taxes
tax deductions
Photo by Vitalii Vodolazskyi from Shutterstock

Moving expenses

Even if the majority of taxpayers have lost their ability to deduct moving expenses starting with 2018, there’s one main group of people who can still claim their moving expenses to the IRS. The military personnel.

If by any chance, you are an active duty military member who’s currently relocating, you might still deduct most of these expenses, as long as you don’t move with the help of reimbursement from the government to move.

Plus, if the move is permanent, AND the relocation was, in fact, ordered by the military, you won’t have to pay any taxes on qualified moving expense reimbursements.

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3 comments on “Top 9 Most Hassle-Free Deductions on Taxes”

  1. Art says:
    January 12, 2023 at 10:35 pm

    Not this pertains to this article, but when is a dog considered a domestic animal and a cat isn’t in Ohio and require a license.

    Reply
  2. Buck says:
    January 12, 2023 at 3:08 pm

    Can you really deduct reinvested dividends from your income tax?

    Reply
  3. Shirley Sturgis says:
    January 12, 2023 at 12:17 pm

    Thank you for sharing this informative information !!!

    Reply
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