Security deposit is not tax deductible, unfortunately. However you may deduct some of your moving expenses if you have not been reimbursed for them. They Include:Moving your household goods and personal effects (including in-transit or foreign-move storage expenses), andTraveling (including lodging but not meals) to your new home.

Question

The military PCS'd me in 2016 but i did not gt dislocation allowance. Can i claim the security deposit and any associated fees on my taxes?

Forum|Forum|6 years ago
June 3, 2019
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MargaretL

Security deposit is not tax deductible, unfortunately. However you may deduct some of your moving expenses if you have not been reimbursed for them. They Include:

Moving your household goods and personal effects (including in-transit or foreign-move storage expenses), and
Traveling (including lodging but not meals) to your new home.