Moving Household Goods is Taxing! [infographic]

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

    Christine Midwood

    Written by Christine Midwood

    As the leader of the Product Team since 2015, Christine provides the strategic direction for AIRINC’s product suite. She and her team enjoy working with clients to understand how our products help them manage their business. They love to hear about opportunities to enhance our products or build a new one to solve a problem! Christine is passionate about travel and global business! While Christine is based in our Cambridge office, she enjoys working closely with our clients and internal teams who are located all over the world. Christine has over twenty years of experience managing and marketing data-driven software products. Although Christine has managed products in many industries ranging from IT to Healthcare, she has spent much of her career focused on products marketed to HR buyers. Christine earned a B.B.A. in finance and history from the College of William and Mary in Virginia.