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Deductions & credits
If you are a "hired" employee (like a W-2 employee) then your moving expenses, along with any other job related expenses are not deductible. Would be different if you were self-employed and reporting your business income on SCH C.
If the company paid your moving expenses under an "accountable plan", then the reimbursements won't be included on your W-2 box 1 and won't be taxable. Otherwise, the reimbursements are income and taxable.
March 10, 2022
5:30 AM