Talking Tax – What Happened To Moving Deductions?

What happened to moving deductions?

The most sweeping change to tax law – Tax Cuts And Jobs Act. This act eliminated a section of the tax code that allowed for preferential treatmentment of certain qualified moving expenses. Prior to 2018 allowed certain expenses paid by your employer or reimbursed to you were not treated as a taxable benefit. All of this benefit has been suspended till at least the end of 2025 – all expenses paid to you by your employer or reimbursed to you will be treated as a benefit and reflected on your W-2.

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