Going Back to School and Moving

A lot of adults are planning to back to school and get a graduate degree. Some of them actually have to travel cross-country in their pursuit of higher education. But is such a move worthwhile? Read on to know the answer.

Many people switch their cities or states while pursuing a graduate degree or a new job because they can benefit from some possible tax deductions. Basically, taxpayers can get exemptions if they need to use movers in MD to move to another location for the purpose of resuming school.

Tax deductions are based on two factors. Firstly, they have to move a required distance from their present home. They have to move at least 50 miles more than the distance between their current residence and the new location.

Secondly, there is the test of time. This means that a student can get tax cuts if he/she works full-time for a minimum of 39 weeks in the first year after relocation. One good thing about this tax policy is that if the claimants are a married couple, even one of the spouses can fulfill the requirements for the total tax deduction.

However, if you plan on earning an income through self employment, you have to work full-time double the weeks in the first 2 years of the move.

So if you fulfill the distance and time requirements, you will be able to enjoy tax deductions during the course of your study and work. You can either work full time to support the part time degree program, or you can run a full time business while in school.

This, however, is largely determined once you actually begin the studies.

The hunt for academic excellence coupled with tax deductions will make your decision to move and go back to school firmer.  But there will be a slight hindrance that has the potential to reshape your decision altogether.

That stumbling block is the question, “how to move your stuff?”

Everyone knows that a computer, TV, fridge, and the like have become our basic needs. We just cannot survive without them. If you plan on renting a room or a small apartment in the new city, you may even have to add some furniture as well.

It clearly takes more than your family car to transport all these items to the new residence. Hence, you are left with two options. You can hire a van, or contact professional movers.

The decision is not an easy one to make. You need to do some thinking and research. Of course, we cannot do all this for you, but we can provide some basic guidelines which will help you to make the best choice.

To begin with, look for moving quotes, lots and lots of them. The best place to search is the internet, and by looking at estimates provided by various companies, you will get your hands on an attractive deal sooner or later.

You can make alternate arrangements with the movers. For example, all the packing will be done by you and the mover just has to do the driving. This will get you a discount.

Finally, it would feasible if you look for a Moving company in MD  that charges by weight and not distance, otherwise you will end up paying a lot of money for not so heavy stuff.

Facebookgoogle_plusredditpinterestlinkedinmail

No Comments Yet.

Leave a comment

You must be Logged in to post a comment.