[Stephy0519]

Originally Posted by nep321

That is not true.

The new place of work must be at least 50 miles away from my old home (here in OH); not 35 miles. Nonetheless, I meet the distance test.

Then there's the time test which says that the deduction is only allowed if I stay at the job for at least 39 weeks (9 months). What if I fail to complete the probation period again or something?

And most importantly, you can NOT deduct the expense of breaking a lease, which is $2,000 in my case.

Therefore, only about $2,000 of my moving expenses are eligible for deduction, which means that the tax impact would only be a benefit of approximately $600. Whoop dee do.

See the instructions to IRS Form 3903. And that's assuming that the law doesn't change for tax year 2016.

I will defer to you since tax is your job

[PDF]

Originally Posted by nep321

Then there's the time test which says that the deduction is only allowed if I stay at the job for at least 39 weeks (9 months). What if I fail to complete the probation period again or something?

Why are you thinking so negatively?

[PDF]

Originally Posted by nep321

But look....as much as I would have preferred for a better offer, I just had to come to terms with reality. The fact of the matter is that I have been looking for a job for about 4 months now and this is the one and only offer that came my way, and it's located in central CT, which is where I want to optimally be. God knows if another 4 months would have gone by until my next offer. And I only have 7 weeks left of unemployment. The situation would become very dire, and I cannot let that happen and start depleting $3,000 a month of my savings. It's just too much of a risk to take, and I have a feeling it would not play out well.

4 x 3,000 = $12,000. That number is a lot bigger than paying 2-4k for relocation.

[nep321]

Originally Posted by PDF

Why are you thinking so negatively?

Not to think negatively, BUT, I have been scarred from my experience of having paid $3,000 to relocate from CT to OH out of my own pocket, just 8 months ago, only to fail to reach the end of the probationary period. So, I just want to be certain and prove to myself that I can pass the probation period at my next job and keep the job for at least 9 months.

[nep321]

Originally Posted by PDF

4 x 3,000 = $12,000. That number is a lot bigger than paying 2-4k for relocation.

Wrong, because that $4K of relocation expenses would go toward living expenses instead. Besides, I still have $5K left of unemployment benefits to be received.

[PDF]

Originally Posted by nep321

Not to think negatively, BUT, I have been scarred from my experience of having paid $3,000 to relocate from CT to OH out of my own pocket, just 8 months ago, only to fail to reach the end of the probationary period. So, I just want to be certain and prove to myself that I can pass the probation period at my next job and keep the job for at least 9 months.

Then you have to change and put work first, which sounds like something you are unwilling to do.

[WouldLoveTo]

Originally Posted by nep321

Wrong, because that $4K of relocation expenses would go toward living expenses instead. Besides, I still have $5K left of unemployment benefits to be received.

You know you won't get that unless you're actually unemployed, right?

[nep321]

Originally Posted by WouldLoveTo

You know you won't get that unless you're actually unemployed, right?

Yes, but to recover $4,000 in relocation costs will take a good 8 months, which sucks. I typically save about $500 a month, after my living expenses.

[jp03]

Originally Posted by nep321

Yes, but to recover $4,000 in relocation costs will take a good 8 months, which sucks. I typically save about $500 a month, after my living expenses.

Man you are too much. YOU chose to move to Ohio wantonly. You are choosing to move back. Nobody owes you anything. Your sense of entitlement is comical. It costs MONEY to do the stuff you are doing. Give us a break...geez.

[mlassoff]

I guess if you don't get through the probation period, you should probably consider that (a) You're incompetent or (b) You have health/mental health challenges that prohibit you from retaining a professional job.

If neither of the above are true, you should have no problem passing the probationary period.