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.

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