Deductions & credits


@d_goldsmith wrote:

It does not seem to have "flowed" to my IA return at all, though it may have, the state returns don't seem to have a summary like Federal that explains calculations.

 

If I can convince my employer to amend my W2 and list this reimbursement as box 12 Code L, shouldn't that be tax free? I just went back to my W2 and tried this to see if it would work and for some reason TurboTax didn't change anything after I had added a code L $9000 entry in box 12 of this W2


Moving expenses are not eligible to be reimbursed tax-free, except for active duty military.  Code L is not allowed for moving expenses.  If the employer pays your moving expenses, that is treated like a wage bonus, and is taxable as a wage bonus.  (But getting 60% of your cost covered is better than nothing!)

 

Since the stipend is taxable wages, you are allowed to list it in the program, but whether it flows to your state depends on your state law and income tax situation; does your state allow a deduction for moving expenses, and will you be taking the standard deduction or itemized deduction in your state.