Mike Hansen has adjusted gross income of $82,000.During the year,Mike decided he needed a larger home.He purchased a home on a golf course in the same town as his first home.Mike incurred $6,000 in moving expenses.How much of this can he include as an itemized deduction?
A)$8,200
B)$6,150
C)$6,000
D)$1,000
E)$0

Question

Quizplus · Accepted Answer

Moving expenses are no longer deductible for most taxpayers due to the Tax Cuts and Jobs Act of 2017. Only active duty military members moving under orders may deduct moving expenses.

Mike Hansen Has Adjusted Gross Income of $82,000