Moving Financials

This section of our Moving Guide focuses on the numbers: the costs of moving, taxes, and moving insurance. It is important that you be prepared for the facts and figures that are involved in relocating. If you aren’t, you may be blindsided by the sheer number of parts to this process that cost money. We hope our articles in this section will help give you some insight into all those facts and figures.

Preparing for the Costs

Let’s face it, moving can be expensive. But if you’re prepared and know exactly where the money is going, you may not be as shocked when all is said and done. This first article gives you a good idea of where to expect the numbers to add up. You’ll find costs in your old house, your new house, and in the moving process itself. We also try to shed some light on hidden costs you may not expect. For those of you on a budget, we also give tips on how to save money.

Tax Implications

Since moving is so costly, it is a good idea to figure out if your moving expenses qualify as tax deductions. If you are moving as a result of a new job, or relocating your office, save each and every receipt. As long as you qualify under the time and distance limitations, you will be able to deduct nearly all your expenses.

Insuring Your Move

Moving insurance will definitely hike up the total cost of your move. However, it may also decrease your stress level; it’s up to you to decide whether insurance is worth the price. Most rental truck companies will offer moving insurance and you will need to take a serious look at the choices they offer. Before you do that, though, you’ll need to take an inventory of all your household items. This article will help you with the inventory process and guide you through the different choices of protection your moving company has to offer.