Your Guide to Deducting Moving Expenses

Your Guide to Deducting Moving Expenses

How much does moving cost? An embarrassing number of additional moving expenses can become your reality, mostly by not planning ahead or because you do not know what to expect. Fortunately, there are ways to plan and prepare for these moving costs:


 

  1. Don’t rush to find movers:
  2. Give yourself enough time to do a detailed search for moving companies. Take as much time as you can get to look for services, prices, reviews, ratings. Get a telephone survey or use a customer typing inventory into an online form. The best way is to get written estimates from at least three moving companies and get their representatives to come to look at what’s in your home to form an exact idea of what you have. Be aware that the costs may get higher the farther you move. While local moves usually cost under $1,500, long-distance moves cost upwards of $4,500.

     

  3. Be flexible on dates:
  4. With the right movers, the costs should be reasonably affordable and it will lighten the expense of moving, by just planning ahead. It’s easier to negotiate and you can get better discounts if you book your moving services from late September through early May. Better to avoid summer moves completely because it is the busiest season in the business. Taking into consideration that leases end at the end of the month, it is smart not to move during the last week of the month.

     

  5. Consider having movers pack for you.
  6. While hiring packers certainly means a less stressful and time-saving moving process, it will also be more expensive. If you choose not to spend money on the additional cost of packing services, make sure you finish packing before the moving day. Better to start at least 4-2 weeks in advance. Choosing a full-service move will likely cost an extra $100-300 for you too. A long-distance move may cost a flat-rate for the packing add-on, it is quite expensive. Local moves will charge an hourly rate. Your movers can pack everything — even the garbage if you don’t tell them otherwise. Be sure to ask how much a moving company charges for these services and what exactly you want them to pack before hiring movers for the job.

     

  7. Plan and prepare storage containers and packing supplies.
  8. It is not smart to go back and forth to Target every weekend, Walmart or Home Depot to buy new storage totes, because you used them all, but better yet, plan in advance the approximate amount and type of packing materials you’ll need. You will be surprised how buying it wholesale can save you money! Of course, you can always collect free boxes from restaurants, liquor, grocery, and recycling centers too. Be careful to choose the appropriate boxes for moving, make the right choice for storing your stuff according to the weight and how fragile things may be. Don’t forget to label each box clearly, with its room of destination too, so that it helps your movers unload more efficiently and save you the hassle of its allocation.

     

  9. Sell everything you don’t need.
  10. Look at the opportunity that you can create by saving some money to pay a moving service with the stuff you don’t need anymore and that can be sold, maybe it will just pay off all the expenses of the moving right away! For everything that can be sold, plan a yard sale or garage sale. One more option is to sell your items online: use e-Bay or Facebook Marketplace to post well-made pics of things that someone else might need!

  11. Do not pay movers to transport unnecessary belongings.
  12. Choose what should be left behind or given away. Big moves across state lines are done by weight. The less you put on the truck, the less you pay. At that moment you may wish you’d gotten rid of even more of your possessions. After all, few things are worse than realizing you are about to pack things you really don’t need or will never use again. The advice is to give away more items than you are entirely comfortable with.

You may look at this like an opportunity for give charity. Donate the items that you don’t wish to sell. Coats, blankets, gently used clothing, furniture, office equipment, and kitchen appliances can always find a new owner.

Moving is hard and expansive enough. Even before packing, there’s the planning, the numerous phone calls for all types of services at the new location, selecting schools for your children, and finding a new place to live. Begin planning and de-cluttering now, give yourself enough time and use all the opportunities to plan your budget smart and even earn money while moving!



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