At the beginning of 2011, Melissa was permanently transferred from her office in New York City to New Jersey. Her office in NYC is 15 miles from her old NY home. For Melissa to meet the distance test for qualifying moving expense deductions, how many miles must the office in New Jersey be from her new home?
A. 65
B. 50
C. 40
D. 35
is it B
To determine the answer to this question, we need to understand the requirements for qualifying moving expense deductions. According to the IRS, for individuals to qualify for moving expense deductions, their new workplace must be at least 50 miles farther from their old home than their old workplace was from their old home.
In this case, Melissa's old office in NYC was 15 miles from her old home. Therefore, to meet the distance test for qualifying moving expense deductions, her new office in New Jersey must be at least 50 miles farther from her new home than her old office was from her old home.
So, we need to add 50 miles to the 15 miles that her old office was from her old home. Doing the calculation, 15 + 50 = 65.
Therefore, the correct answer is option A, 65 miles.