Moving to a new home is an exciting milestone, but it’s also a major financial event with complex tax implications that most people overlook. While you’re focused on packing boxes and hiring movers, the IRS and state tax agencies are watching. Many common actions taken during a move can trigger unexpected and hidden tax bills that can catch you completely off guard. Understanding these potential pitfalls ahead of time is essential for protecting your finances during this major life transition.
Here are nine reasons your big move could result in a surprise bill from the taxman.
