Fringe Benefits: Moving Expenses | Practical Law

Fringe Benefits: Moving Expenses | Practical Law

A Practice Note addressing the Internal Revenue Code's individual deduction for moving expenses and exclusion for moving expense reimbursements provided by employers. Among other topics, this resource discusses who can deduct moving expenses, what moving expenses are and are not deductible, and how moving expenses are reported. This resource also addresses 2017 tax reform legislation (Tax Cuts and Jobs Act (TCJA)) that suspended the moving expenses deduction and exclusion for tax years beginning after 2017 and before 2026.

Fringe Benefits: Moving Expenses

Practical Law Practice Note 5-520-0063 (Approx. 23 pages)

Fringe Benefits: Moving Expenses

by Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
A Practice Note addressing the Internal Revenue Code's individual deduction for moving expenses and exclusion for moving expense reimbursements provided by employers. Among other topics, this resource discusses who can deduct moving expenses, what moving expenses are and are not deductible, and how moving expenses are reported. This resource also addresses 2017 tax reform legislation (Tax Cuts and Jobs Act (TCJA)) that suspended the moving expenses deduction and exclusion for tax years beginning after 2017 and before 2026.