What moving expenses are tax-deductible or taxable income? Expense You pay Employer Pays Company you own pays House hunting trip Not deductible Taxable income Taxable income Transporting family Deductible Not considered income Not considered income Transporting possessions Deductible Not considered income Not considered income Selling costs of old house Not deductible Taxable income Taxable income Buying costs of new house * Not deductible Taxable income Taxable income * Some property tax payments and points paid to obtain a mortgage are deductible.