real estate

How to Cut Moving Costs

The new tax law could make relocating more expensive.

Summer is peak season for moving, and this year, there's a new wrinkle: The tax law that took effect January 1 scrapped the deduction for a work-related move, unless you're active-duty military with an order to relocate. That means it's more important than ever to look for ways to lower your costs.

Plan ahead. Try to book a mover at least six weeks in advance, and aim for midweek, when rates probably will be lower than on the weekend, or mid month, when they'll be lower than at the end of the month. Ideally, schedule your move for September or later, when rates are lower and movers may offer more-flexible scheduling, says the American Moving and Storage Association.

Downsize. Because your cost will depend partly on the weight of your belongings (along with time and distance), dispose of anything you no longer need or want. Then get three written estimates from movers who visit your home.

Protect yourself from fraud. Avoid movers who provide a verbal or lowball estimate. Those are signs of rogue operators who may hold your goods hostage until you pay more. Don't hire movers who demand cash or ask you to sign blank documents. For more tips, see www.protectyourmove.gov.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 12 Best Tech Stocks to Buy for 2022
tech stocks

The 12 Best Tech Stocks to Buy for 2022

The best tech-sector picks for the year to come include plays on some of the most exciting emergent technologies, as well as several old-guard mega-ca…
January 3, 2022
How to Know When You Can Retire
retirement

How to Know When You Can Retire

You’ve scrimped and saved, but are you really ready to retire? Here are some helpful calculations that could help you decide whether you can actually …
January 5, 2022

Recommended

Final Estimated Tax Payment For 2021 Is Due Today
tax deadline

Final Estimated Tax Payment For 2021 Is Due Today

The deadline for submitting your fourth and final estimated tax payment for 2021 is here, so get your payments in now.
January 18, 2022
Your Child Care Tax Credit May Be Bigger on Your 2021 Tax Return
Tax Breaks

Your Child Care Tax Credit May Be Bigger on Your 2021 Tax Return

Many families with young children will get a bigger tax credit for last year's childcare expenses. And more families will qualify for the credit, too.
January 13, 2022
When Are 2021 Estimated Tax Payments Due?
tax deadline

When Are 2021 Estimated Tax Payments Due?

If you're self-employed or don't have taxes withheld from other sources of taxable income, it's up to you to periodically pay the IRS by making estima…
January 12, 2022
23 IRS Audit Red Flags
tax returns

23 IRS Audit Red Flags

These actions and tax positions could increase your chances of the IRS selecting your return for audit.
January 11, 2022