[fa icon="calendar'] May 08, 2018 @ 12:07 PM / by Christine Midwood

Moving expenses are now taxable

As a result of the recent Tax Cuts and Jobs Act, moving expenses are now taxable. This includes household goods shipping, final move airfare, temporary living expenses, and U.S. storage costs, and impacts all temporary moves.

These changes provide an opportunity to reconsider your approach to moving household goods for temporary assignments. What is best for your assignees and your organization? Household goods shipment or furniture allowance? Which option could save a company $1 million? (Using a mobility program with 100 assignees as an example.)

 

Download the infographic to learn more:

 

Moving-household-goods

 

 

Download the infographic to learn more about each option and address specific questions related to cost, administration, tax planning and assignment success.

Download Now!

Topics: Data and Infographics, Furniture Allowance Reports, Tax, Cost of living allowances