Enrolled Agent Exam [Part 1] 30, Moving Expenses for Armed Forces

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • The moving expense deduction is exclusively for active-duty Armed Forces members on a Permanent Change of Station (PCS); civilian moving costs are not deductible. • The old distance and time tests do not apply to qualifying military moves. • Deductible costs are unreimbursed expenses for moving household goods and personal travel, including lodging and transportation mileage. • An extremely common exam trap is the inclusion of meals; the cost of meals during a move is never deductible. • Use the mnemonic "PCS: Pack, Cars, Sleep" to remember the move must be a Permanent Change of Station and deductible costs include moving goods (Pack), transportation (Cars), and lodging (Sleep), but not meals. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep