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New Member
posted Mar 19, 2024 2:09:55 PM

Employment moving expense.

In 2023 accepted an employment & moved in Aug 2023 - did I need to be working as a full-time employee, for 39 of the 52 weeks (1 year) immediately following my move & not file my moving expenses until 2024 tax filing. or can I file it for TX 2023. 

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Expert Alumni
Mar 19, 2024 2:22:29 PM

Prior tax laws permitted a taxpayer to deduct moving expenses provided the new job location was at least 50 miles farther from the taxpayer’s former home than the former main job location or, if the taxpayer had no former principal place of work, the new job location was at least 50 miles from the taxpayer’s former home. However, under the Tax Cuts and Jobs Act, §11048 and 11049, both the taxpayer’s moving expense deduction and the exclusion of an employer’s reimbursement or payment of the taxpayer’s moving expenses have been suspended except for military relocation.

 

Accordingly, any non-military moving expense isn't deductible, and any reimbursement made by an employer is taxable as income to the employee.