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Can Moving Expenses to Assisted Living Be Deducted From Taxes?

Date Updated: July 26, 2024

Written by:

Andrea Miller

With over a decade of dedicated experience, Andrea Miller boasts an extensive background in healthcare writing and editing. Her expertise spans various facets of the healthcare industry, with a particular focus on nursing, senior care, Alzheimer’s disease, and public health. Andrea has also contributed her editorial talents to reputable publishers in the Philadelphia region, complementing her extensive freelance work.

Reviewed by:

Rachel Rose

Rachel is a skilled finance manager with a Master of Accounting and a Bachelor of Arts in English. With 10 years of experience in finance, she specializes in business, finance, law, real estate, and marketing. Rachel has worked in personal financial planning, wealth management, and tax accounting, serving senior clients, and has spent nine years in corporate financial planning and analysis. Currently, she manages finances for a Fortune 500 company in New York City.

Moving expenses to assisted living can’t be deducted from taxes. The IRS only allows active duty military members to deduct moving expenses, and only when they’re making a permanent change of station because of a military order. If you aren’t currently serving in the military, you don’t qualify for this deduction.

What do moving expenses for assisted living include?

Moving expenses for assisted living often include costs such as short-term storage, movers, rental trucks, gas or vehicle mileage, packing materials or services, unpacking services and cleaning services at your old or new location. If you’re traveling from a long distance to your assisted living community, budget for the cost of overnight stays along the way.

You should also consider the cost of parking, gas and tolls during the trip. Consider moving insurance for peace of mind. It typically covers the cost of lost or stolen belongings, as well as damage to the moving truck.

How much do moving expenses cost?

Moving expenses cost an average of $1,000 to $7,500 for a local move and $4,200 to $12,000 for a long-distance move, according to data from Moving.com. Paying professional movers costs the most, followed by using a container shipping service, and renting a truck is the most affordable method. Other factors affecting the cost of a move include distance, the size and weight of your belongings and whether you move at a busy time of year.
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Caring.com

Caring.com is a leading online destination for caregivers seeking information and support as they care for aging parents, spouses, and other loved ones. We offer thousands of original articles, helpful tools, advice from more than 50 leading experts, a community of caregivers, and a comprehensive directory of caregiving services.

 

The material on this site is for informational purposes only and is not a substitute for legal, financial, professional, or medical advice or diagnosis or treatment. By using our website, you agree to the Terms of Use and Privacy Policy

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