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Yes...We Will Rent A Moving Trailer

June 27th, 2011 at 06:47 am

A couple of you have inquired about my husband's need to rent a moving truck. The answer is yes. Actually, since he has a truck, he will rent a Uhaul trailer and attach it to the truck. I think he's arranging that today. The base price of that is around $250.

The good news is that moving expenses are covered by the Army. Of course, there are rules involved. He will have to keep track of all expenses, including the trailer, gas, hotel, food. It is also important that he weighs his truck and the trailer empty and full. Most of the reimbursement is based on weight.

Since he is moving household goods himself, he will receive 95% of the amount that it would cost a common carrier (moving company) to move the same amount of goods the same distance. Once the amount is determined, they subtract the actual expenses involved in moving. This can include boxes and bubble wrap, and of course, the trailer. The amount left after the expenses is considered an incentive payment and is actually taxable income! The Army automatically takes 28% out for taxes, which unfortunately is more than our tax bracket. I guess we'll get that back next year when we file our taxes.

So the costs of getting things to the destination should be covered. We could ask for an advance to help cover the costs as we encounter them, however, DH has reasons not to do that. In general it just complicates things. Luckily, we have resources to cover them in the meantime. I'm really hoping by this time next month, things will be sorted out from a financial standpoint. Fingers crossed anyway!

3 Responses to “Yes...We Will Rent A Moving Trailer”

  1. rob62521 Says:

    Let's hope things work out for you as you wish and that things will be sorted out financially next month. Good thing you saved money so you can cover the expenses!

  2. scottish girl Says:

    Hope things will be sorted for you this time next month Smile

  3. FrugalTexan75 Says:

    That's good you don't have to rent a whole truck. I've been pricing them for my move -- yikes!

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