Savings tips
Several Estimates Save a Bundle
Although many people don't bother to get
several estimates before signing up with a moving company, moving company prices
vary considerably and you can save a bundle. Consumer Reports recommends getting
at least three estimates before selecting a mover.
Tax Deductions
Did you know that some of the
expenses of moving are tax deductible? If you'd like to get any of the following
expenses claimed against your tax, read on and see if you qualify.
- Cost of transportation or
hauling from old to new residence.
- Cost of packing, crating and
unpacking.
- Cost of shipping your car.
- Cost of moving the pets.
- Cost of the trip to the new
residence which includes lodging but not meals
Take into account that these
deductions must not be excessive amounts, but the real question is, do you
qualify for the deductions? All taxpayers are eligible, even if they don't file
itemized returns, as long as you are:
- Moving to a new residence for
the purpose of employment, whether it be as an employee or self-employed.
- Moving to a new job, at least 50
miles farther from your new residence than your old job location.
- A full-time employee and
employed within the vicinity for at least 39 weeks of the first 12 months of
occupancy.
- A self-employed individual, who
will work in the new location for at least 78 weeks during the first 24 months
following the move, of which 39 weeks must be within the first 12 months.
- Moving to a foreign country, or
for military service (These options fall under special limitations, so it's
best to consult a professional tax advisor before claiming them).
Preparation And An Inventory
Averts Trouble
- Take down ceiling fans prior to
moving day. Movers will charge you for the cost of an electrician to do it.
- Purchase enough insurance to
over damage to especially valuable items, or transport them yourself
separately. Movers may not pay for damage to items you pack yourself.
- Hire a piano specialist to
prepare your piano for the move. Service to a piano will add a hefty
additional charge to your bill if the mover does it, and there's a greater
chance of damage.
- If you have many books, pack
them yourself and mail them book rate to save significantly on the cost of
your move.
- Grandfather clocks should be
dissembled by a clock specialist prior to moving day.
- Ask the mover to inventory your
items and check the inventory carefully to be sure everything is included.
- Check polished table tops and
antiques for any existing damage (nicks and scratches) and note its exact
location.
- Note down the location of all
existing damage (worn areas, pulls) to fabric on furnishings.
- Disconnect the water to the
washing machine and refrigerator and gas to the dryer and range prior to
moving day to avoid a surcharge.
- Confirm on the inventory that
all goods with moveable parts are fully operational prior to the move.
Eliminate Rather than Relocate
While you're organizing or packing
for your move, sift and sort. Use a heavy hand toward the trash can, and let
common sense be your guide.
Have a Garage Sale
If you are like most people, you
have in your possession many items you really have no use for anymore. Sponsor a
garage sale before your move to give yourself a little junk relief! You just
might raise enough money to pay for your moving expenses! Remember, one man's
junk is another man's treasure! If you don't need it, unload it. Rule of thumb:
if you haven't used it in the last 12 months get rid of it.
Ignore the "I Might Need It
Someday" Syndrome
Don't move the riding mower to an
apartment. Part with tools you won't have a place to use. And remember, junk is
junk. You don't need a furnished attic.
Donate to Your Favorite Charity
Itemize the items and keep a
receipt. It may help you qualify for a tax deduction.
