Can I Deduct My Moving Expenses This Year?

Moving is really hard work, it costs you money and causes disruptions to your life. It sure would be nice if you could get reimbursed for your moving expenses through a bigger tax deduction this year, wouldn’t it? But, surely that’s too good to be true. Or is it?

moving expense deductions

Any way you can get the “tax monkey” a little more off your back, the better. Yes, it is possible that your move this tax year will qualify you for a hefty deduction. But there are rules you need to know first.

How Do I Qualify for a “Moving Deduction?”

The basic rule is that you can only deduct your moving expenses if your recent move was “work-related.” That means you moved in order to live near your new employer or you were transferred by your old employer to a new location. But your new workplace must be 50 or more miles more distant from your old home than your old workplace was from your old home. That may sound a bit confusing, so here’s a couple examples:

  • Your old home is 100 miles from your new workplace. Your old home is also 15 miles from your old place of employ. 100 minus 15 is 85 miles more distant, so you get the deduction.
  • Your old home is 50 miles from your new home, but only 45 miles from your new workplace. Plus, you were already commuting 10 miles from your old home to your old job. 45 minus 10 equals only 35 miles, so you don’t get the deduction.

calculate distances for moving deductions

Note you have to calculate distances using the shortest possible commute route, even if that’s not the way you actually travel.

Second, you must work full time for 39 weeks out of the first year at your new job, the 12-month period commencing from moving day. Each industry will have different standards on what counts as “full time.”

You can claim the deduction the year of your move, even though the 12 months won’t end until the next year (unless you moved January 1st!). However, if it turns out you didn’t work full time to ultimately qualify for the deduction, you have to refund it on your next tax return.

Incidentally, the relevant tax form is IRS Form 3903.

What Can I Deduct Specifically?

Any “reasonable expenses” incurred in the move can be deducted, if you have the receipts. That includes moving trucks, gas and tolls getting there, a storage unit if you couldn’t move in immediately and needed one, or plane/train tickets.

It also includes vehicle shipping expenses, if you used a car shipping company rather than drove your vehicle the distance. Check out https://executiveautoshippers.com/how-your-auto-transport-could-increase-your-tax-refund/ to learn more.

You can also take the “standard moving mileage deduction” instead of the gas deduction (if you drove). Just estimate which one will save you more.

In essence, you are deducting any expense that was necessary and directly related to your relocation. You may need to ask a tax expert about some of the details, but definitely save all receipts of anything that could possibly qualify.

Places Kids Eat Free

places where kids eat free

Most people enjoy going out to eat from time-to-time. There’s no mess to clean in the kitchen, no hassle and, for the most part, it is usually a great experience. Going out to eat with the family can get pricey though, which is why many restaurants have begun to offer days where kids eat free.

Places Kids Eat Free

This started years ago. Sit-down restaurants wanted to offer an incentive for families to come into the restaurant during the week (usually their slower days). Now, most restaurants have days of the week where kids eat free but what are they?

  1. Applebee’s: Kids eat free one day each week. The day of the week may vary by location and is available at participating locations only.
  2. Bennigan’s: Similar to Applebee’s, Bennigan’s offers a free meal for kids on a select day of the week. The day and availability may vary location-to-location.
  3. Backyard Burgers: Kids eat free on Tuesdays with the purchase of an adult combo meal.
  4. Bob Evans: Tuesdays are the day to get a free kids meal at Bob Evans (after 4 p.m. with the purchase of an adult meal).
  5. Captain D’s: Kids eat free at Captain D’s on Thursdays. The deal is good from open to close and you can get two free kid’s meals per paying adult.
  6. Chick-fil-A: On Tuesdays, kids eat free from 5:30 p.m. until 7:30 p.m. at Chick-fil-A. This must be purchased with an adult meal. It should also be noted that some Chick-fil-A locations charge $0.99 for their discounted kids meal.
  7. Ci-Ci’s Pizza: Kids under three eat free every day at Ci-Ci’s.
  8. Culver’s: All children get a free frozen custard with the purchase of a meal every day.
  9. Denny’s: Kids eat free on Tuesdays from 4 p.m. until 10 p.m. You can get two free kids meals with the purchase of one adult meal. (At some locations, kids eat free at Denny’s on Saturdays as well.)
  10. Firehouse Subs: Hit your local Firehouse Subs location on Wednesday. Kids eat free all day with the purchase of an adult combo meal.
  11. Fuddruckers: On Mondays between 5 p.m. and 9 p.m., kids eat free at Fuddruckers.
  12. Hooters: Hooters offers kids a free meal from 11 a.m. until 11 p.m. on Sunday.
  13. IHOP: IHOP offers various days when kids eat free. Check out the company’s Facebook page for regular updates on when the next “kids eat free” day will be.
  14. Lone Star Steakhouse: If you want a nice dinner out, you can feed the kids for free at Lone Star on Tuesdays. You can get up to two kid’s meals free with the purchase of one adult meal.
  15. Maggiano’s Little Italy: Kids eat free on Saturdays (only kids under 5).
  16. Moe’s Southwest Grill: Kids eat free at Moe’s on Tuesdays (one free meal per paying adult).
  17. On the Border: Your child can get a free sundae with the purchase of a meal every day at On the Border.
  18. Perkins: Kids eat free on Tuesdays at Perkins with the purchase of an adult meal.
  19. Pizza Hut: Your child can eat for free all day Tuesday at Pizza Hut.
  20. Qdoba: Kids eat free on Sundays and Wednesdays.
  21. Red Robin: Red Robin offers a free kid’s meal on Mondays for children 10 and under.
  22. Steak n’ Shake: Kids eat free all day Sunday (with the purchase of a $9+ adult entree).

For the most part, the deals and freebies mentioned above are only valid for children ages 12 and under. Some locations may have different restrictions so, if you’re wondering about any of these, in particular, give the restaurant a call!

Have any places kids eat free that we should add to the list? Let us know!

Photo: Room to Grow

10 of the Largest Casinos in the World worth Visiting

10 of the Largest Casinos in the World worth Visiting

Millions of people have adopted gambling into their lives and quickly made the practice part of the culture. The spread of the casino business in nearly all parts of the world has made the gaming business an important pillar in the entertainment industry.

Today, most gambling activities are undertaken online. However, this does not mean that brick and mortar casinos have lost their appeal. In fact, the land-based casino business has been noted to expand year after year, with more and more casinos being built. This is because, mostly, casinos are in a race to outdo each other in the provision of bigger buffets, hotels, and game collections.

As of the moment, Las Vegas (United States) and Macau (China) remain the largest land-based gaming hubs in the world. Therefore, as a gamer, if you plan on visiting a place well known for its gambling provision, here are some of the gambling destinations you should visit that offer free versions of the Quick Hit slot machine:

  1. MGM Grand Las Vegas

This gambling destination is located in the gaming capital of Las Vegas. Its vast one hundred and seventy thousand square feet is so big that gamers have numerously gotten lost inside. The casino offers its clients a whopping two thousand, three hundred games to choose from, with table games counting at one hundred and seventy-eight. The establishment also offers accommodations for gamers in their expansive hotel that holds five thousand and forty-four rooms.

  1. MGM Grand Macao

This casino is a sister establishment of the MGM Grand located in Las Vegas. It is quite larger than the other with a space of over two hundred and twenty-one thousand square feet. However, the game collection is small in comparison to the former standing at eight hundred and thirty-five gaming machines. This deficiency is catered to by the provision of four hundred and ten table and card games. Accommodations are also provided in five hundred and ninety-three rooms.

  1. Rio Casino Resort

This casino located in South Africa was known as Tusk Rio Resort until 2006 until it was put under new governance and renamed as Rio Casino Resort. Being the largest casino in the African continent and the southern hemisphere, this establishment covers over two hundred and sixty-six square feet. Even though the casino is quite big, it only offers a collection of two hundred and fifty-seven games. Even so, they are powered by some of the biggest gaming software provider, which make them worth your while.

  1. City of Dreams

This gambling establishment located in Macau, China is built to meet the expectation of its name in every aspect. It covers well over four hundred and forty-eight thousand square feet and offers one thousand, nine hundred and sixty-four games. On top of that, the casino has one of the most magnificent clubs in the world that has drawn the attention of over two million people to view its dancing water stage production. The casino is known to have one of the most exclusive VIP and loyalty programs that offer its members exclusive deals on hotel stays and other services they offer.

  1. Foxwoods Resort Casino

Covering three hundred and forty thousand square feet, this casino located in Western Connecticut stands as the largest brick and mortar casino. This comes as a surprise since it is not located in Sin City, the gaming center of the world. It is part of a casino network that lies on an expanse of nine million square feet. This expanse is famous for having one of the largest poker halls in the world. The casino offers a wide assortment of games ranging from slots, baccarat, roulette to craps and blackjack variations that total to seven thousand, seven hundred and eighty-eight games.

  1. Casino Estoril

This casino is located in Portugal and covers twenty-six thousand, nine hundred square feet. Aside from being among the biggest land-based casinos in the world, Casino Estoril is also well-known as a venue for big events such as music galas, award ceremonies, and much more. Hotel services are also provided by the casino as well as food and drinks in their ten bars and restaurants.

  1. Casino Lisboa

This gambling establishment is based in Portugal and covers a total of one hundred and sixty-five square feet. It stands as the ninth largest gambling destination in the world. It offers gamers one thousand games to choose from of which twenty-six are table games. It also offers accommodation with one thousand rooms at clients’ disposal.

  1. Sands Macau

Located in Macau, this casino stands on two hundred and twenty-nine thousand square and comes with seven hundred and fifty games. Fifty-one hotel rooms are also available for accommodation, which is quite low in comparison to those offered by other big casinos.

  1. Ponte 16 Resort

This beautiful establishment is also found in Macau, China. Standing on two hundred and seventy thousand square feet, the casino has quite a small but unique collection three hundred and twenty games. Nearly half of them are table games while the rest are slot games.

  1. The Venetian Macao

This casino is the largest gaming establishment in the world. Covering five hundred and forty-six thousand square feet, it offers a whopping three thousand games to players. It also comes with a big accommodation sector that offers three thousand rooms.

These brick and mortar casinos are sure to satisfy any gamers live casino experience. Therefore, when planning your next vacation as a gaming enthusiast, be sure to include a couple of these entertainment hubs in your list of places to visit.

Spread Betting For Extra Income

If you’re looking for a way to save more money, pay off debt faster, make important financial life decisions, or start out in the world of investing for your future, you’ll have to find a way to either spend less or earn more. For many people in this situation, the household budget has already been cut down to the bone, so additional income has to pick up the slack.

Unfortunately, increasing your income often isn’t as simple as walking up to your boss and asking for a raise. For whatever reason, many people have reached the salary ceiling of their career, beyond which they can’t reasonably expect to pass. This can be frustrating and deeply discouraging, especially when one starts thinking about the events that brought about this circumstance. On the other hand, some people find freedom in novel second income opportunities that exist in greater number and variety than at any other point in history.

For people who have a home computer or other internet-connected device (and these days, who doesn’t?), spread betting can be an awesome way to generate that extra income. Beginning users will have to learn how the system works, as well as develop a familiarity with the economic and cultural factors which cause financial products to change in price. But with practice, reliable earnings can be had, enough to supplement income in many important ways. We’ll describe what spread betting is, how it works, and how the resulting returns can change your financial situation.

Spread Betting

Spread betting has been around for a long time, but it’s with the internet that it has really blossomed. In spread betting, an investor will consider many different stocks, bonds, indices, currencies, commodities, etc. on a site like ETX Capital. The investor will often choose one with which they are most familiar, but any can be picked.

Next, the user will decide on a time period to watch the price of the stock (or whatever else). If the user feels sure that the price will have changed a certain way (either the price rises or falls) when that time period has elapsed, the user will make a spread betting contract to that effect. The contract will expire at the end of the chosen time, and the user will deposit funds (user’s choice of amount) into the contract in order to be able to receive returns if the price action goes according to plan.

The user waits for the time to expire, then checks to see where the price was at the specific moment in time when the contract ran out. If at that instant the price was where the user anticipated (either above or below the starting price), the user will get returns based on how much the price actually moved in the chosen direction, and how much was initially invested into the contract. If things don’t go according to plan and the price action moves in the opposite direction, the user will lose the funds deposited.

It might seem like spread betting is as unreliable as flipping a coin for predicting the future, but this isn’t the case for skilled users. Experience teaches spread bettors a great deal about the stocks that they bet upon. With time, they’re able to look at real world information and predict how the price action is going to change with some accuracy. At this level, spread betting moves from hobby to a legitimate source of second income.

If you’re interested in seeing if you can use spread betting to make extra money, try out a free demo account where you’ll have all the functionality of a real spread betting account, but without the possibility of losing (or gaining) money. Good luck!