Question

A moving expense deduction is allowed even if at the time of the move the taxpayer did not have a job at the new location.

a. True
b. False

Answer 1

The answer is False. A moving expense deduction is only allowed if the taxpayer has a job at the new location.

Step-by-step explanation:

The answer to the question is b. False.

A moving expense deduction is allowed only if at the time of the move the taxpayer has a job at the new location. The purpose of this deduction is to provide tax benefits to individuals who incur expenses when relocating for employment purposes. Without an actual job at the new location, the taxpayer wouldn't qualify for the moving expense deduction.