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My employer paid for my move in 2018. It is on my W-2 and classified as Income. Am I allowed to deduct this from my income based on the new laws?

I have an expense summary of what was paid to me and paid to vendor and it is all classified as 'taxable' on the document. 

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Ashby
New Member

My employer paid for my move in 2018. It is on my W-2 and classified as Income. Am I allowed to deduct this from my income based on the new laws?

No, the moving expense deduction is no longer available in tax years 2018 – 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress signed into law on December 22, 2017. Only military members can deduct moving expenses now.

Prior to the tax law change, full-time employees who worked at least 39 weeks during the first 12 months at their new job location could deduct moving expenses that were paid within one year of the date they first reported to work at their new workplace, provided the distance between their old home and new workplace was at least 50 miles further than it was from the old workplace.

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