{"id":4579,"date":"2019-02-28T06:55:33","date_gmt":"2019-02-28T14:55:33","guid":{"rendered":"https:\/\/blog.priceselfstorage.com\/?p=4579"},"modified":"2025-03-21T06:07:57","modified_gmt":"2025-03-21T13:07:57","slug":"can-i-claim-a-storage-unit-on-taxes","status":"publish","type":"post","link":"https:\/\/www.priceselfstorage.com\/blog\/can-i-claim-a-storage-unit-on-taxes","title":{"rendered":"Can I Claim a Storage Unit on Taxes?"},"content":{"rendered":"\r\n<p>Personal or <a title=\"https:\/\/www.priceselfstorage.com\/self-storage\/business-storage\/\" href=\"https:\/\/www.priceselfstorage.com\/self-storage\/business-storage\/\" target=\"_blank\" rel=\"noreferrer noopener\">commercial storage<\/a> units offer convenience and efficiency where the alternative will be chaos and clutter. Not only that, but a storage unit can provide benefits as you file taxes with the IRS. If you are wondering, <strong><em>\u00a0<\/em><\/strong><em>\u201ccan you write off a storage unit on taxes,\u201d <\/em>the answer is yes, in certain cases.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"when-can-you-write-off-a-storage-unit-on-taxes\">When Can You Write Off a Storage Unit on Taxes?<\/h2>\r\n\r\n\r\n\r\n<p>Your storage rental fee can be a permissible tax deduction in the following two circumstances.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>For a business: <\/strong>Your <a title=\"commercial storage unit\" href=\"https:\/\/www.priceselfstorage.com\/self-storage\/business-storage\/\" target=\"_blank\" rel=\"noopener\">commercial storage unit<\/a> rental expense is an ordinary necessity for your business, following IRS rules.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>For an individual: <\/strong>Your storage unit rental expense is accounted for work-related moving expenses.<\/p>\r\n\r\n\r\n\r\n<p>In both cases, it pays to do a little homework first to make sure you or your company is properly aligned for the best possible outcome with personal or business expense deductions. For more information on deducting your storage unit rental expenditures, keep on reading.<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"741\" height=\"494\" class=\"wp-image-4582\" src=\"https:\/\/www.priceselfstorage.com\/blog\/wp-content\/uploads\/2019\/02\/can-you-write-off-storage-rental.jpg\" alt=\"can you write off storage rental\" srcset=\"https:\/\/www.priceselfstorage.com\/blog\/wp-content\/uploads\/2019\/02\/can-you-write-off-storage-rental.jpg 741w, https:\/\/www.priceselfstorage.com\/blog\/wp-content\/uploads\/2019\/02\/can-you-write-off-storage-rental-300x200.jpg 300w\" sizes=\"auto, (max-width: 741px) 100vw, 741px\" \/><\/figure>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"can-you-write-off-storage-rental-as-an-individual\"><strong>Can You Write off Storage Rental as an Individual<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>If you are an individual with a personal home and a private <a href=\"https:\/\/www.priceselfstorage.com\/self-storage\/\">self storage<\/a> unit, it\u2019s unlikely that you can legally write off your storage facility rental fees. The exception is if you qualify for and claim a moving expense deduction related to a new job relocation or a transfer for a current job. In this case, you may be able to deduct up to 30 days of storage rental if you are not able to move into your new home right away.<\/p>\r\n\r\n\r\n\r\n<p>According to federal tax laws, you can deduct your moving expenses in either of the following scenarios:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Your current job requires you to transfer to a new location.<\/li>\r\n<li>Your new job requires considerable relocation.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>More specifically, your move must meet certain requirements to qualify as a valid move with moving expense deductions. The distance test and the time test come into play.<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><strong>The distance test <\/strong>&#8211; Your move must be at least 50 miles further from your home than your current job\u2019s location using the shortest possible route in both instances. So if your current job is 10 miles away, your new job must be 60 miles away in order to qualify for a moving expense and personal storage tax write off.<\/li>\r\n<li><strong>The time test <\/strong>&#8211; You must work full-time for no fewer than 39 weeks in the course of 12 months at the new location. The ticker begins on your first day in the new location, and you are afforded some flexibility. The 39 weeks do not need to be consecutive and you may also work for multiple employers to satisfy the requirement. Remember that you will have to reverse the deduction if you fail to satisfy the conditions above.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>If you handle your own taxes, you will need <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f3903.pdf\">IRS form 3903<\/a> to declare your moving expenses.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\" id=\"can-you-write-off-storage-rental-as-a-business\"><strong>Can You Write off Storage Rental as a Business<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Perhaps you store tools, supplies, or other equipment to properly run your business. If you run a business with legitimate storage needs as a typical requirement, you can write off your storage fees as a standard <strong>business expense deduction<\/strong>. Even as a smaller corporation, you can claim <strong>self-employment tax deductions<\/strong> for storage units if they are ordinary necessities of doing your kind of business.<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"741\" height=\"556\" class=\"wp-image-4581\" src=\"https:\/\/www.priceselfstorage.com\/blog\/wp-content\/uploads\/2019\/02\/can-i-claim-storage-unit-on-taxes.jpg\" alt=\"can I claim storage unit on taxes\" srcset=\"https:\/\/www.priceselfstorage.com\/blog\/wp-content\/uploads\/2019\/02\/can-i-claim-storage-unit-on-taxes.jpg 741w, https:\/\/www.priceselfstorage.com\/blog\/wp-content\/uploads\/2019\/02\/can-i-claim-storage-unit-on-taxes-300x225.jpg 300w\" sizes=\"auto, (max-width: 741px) 100vw, 741px\" \/><\/figure>\r\n\r\n\r\n\r\n<p><strong>Self-storage tax deductions<\/strong> qualify within the category of rent expenses. On your taxes, you\u2019d write off these business expenses in the following manner:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>S-Corporations: U.S. Income Tax Return for an S Corporation, <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1120s.pdf\">Form 1120S<\/a> (line 11)<\/li>\r\n<li>C- Corporations: U.S. Corporation Income Tax Return, <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1120.pdf\">Form 1120<\/a> (line 16)<\/li>\r\n<li>Partnerships and multi member LLCs: U.S. Return of Partnership Income, <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1065.pdf\">Form 1065<\/a> (line 13)<\/li>\r\n<li>Sole Proprietorships and single-member LLCs: Profit or Loss from Business, <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1040sc.pdf\">Schedule C<\/a> (line 20B)<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p>Perhaps your self storage unit is of mixed use and you store some personal things there as well as your business items. In this case you\u2019d have to declare the percentage that is work-related and identify the \u201cother uses\u201d that do not apply to your write-off. If you are unsure of how or whether your storage unit qualifies as one of the <strong>things you can deduct on your taxes<\/strong>, consider contacting your accountant for professional advice.<\/p>\r\n\r\n\r\n\r\n<p>You can also connect with us here at Price Self Storage to discover our different storage <a href=\"https:\/\/www.priceselfstorage.com\/locations\/\">locations<\/a> that may be most convenient to your home or business site. Contact us today to clear your clutter and free your mind!<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Personal or commercial storage units offer convenience and efficiency where the alternative will be chaos and clutter. Not only that, but a storage unit can provide benefits as you file taxes with the IRS. If you are wondering, \u00a0\u201ccan you write off a storage unit on taxes,\u201d the answer is yes, in certain cases. When [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":4583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[16,251,5],"tags":[205,85,33,17,131,308],"class_list":["post-4579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-uncluttered","category-organization","category-tips","tag-business-storage","tag-self-storage","tag-small-business-storage","tag-storage","tag-storage-unit","tag-taxes","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Can I Claim a Storage Unit on Taxes? | Price Self Storage<\/title>\r\n<meta name=\"description\" content=\"A storage unit can provide benefits as you file taxes with the IRS. 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