If you move more than 50 miles for a job, your moving expenses are tax-deductible.

This handy deduction is considered an adjustment to income, which is a fancy way of saying you don't need to itemize this deduction.

As with all deductions, the details can be a little confusing. Here's the essentials: you need to have started a new job or a new job location. For independent contractors, you can take the deduction if you relocated your business. Also your move needs to meet the time and distance test, which basically means you moved more than 50 miles, and you relocated close in time to when your job location changed.

And if you landed a new job or were actively looking for different employment, your job search expenses may be tax-deductible too. This deduction, however, needs to be itemized, and will be limited based on your adjusted gross income. Still, it doesn't hurt to tally up your numbers and see if the deduction will help trim your taxes.