June 2022

Can an employer reimbursed moving expenses?

Can an employer reimbursed moving expenses? Qualified Moving Expenses Reimbursements No Longer Excluded from Employees’ Income, with Two Exceptions. For 2018 through 2025, employers must include moving expense reimbursements in employees’ wages. The new tax law suspends the exclusion for qualified moving expense reimbursements. What moving expenses are reimbursable by an employer? These include: The

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What is considered a qualified moving expense?

What is considered a qualified moving expense? Your eligible moving expenses include household goods, personal effects, storage and traveling expenses (including lodging) to your new home. You can’t deduct any expenses for meals. What is the difference between qualified and non qualified moving expenses? There is no longer a distinction between “qualified” and “non-qualified” moving

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