WHAT YOU NEED TO KNOW ABOUT MOVING, TAX DEDUCTIONS, AND EMPLOYER REIMBURSEMENT

closeup of calculator and tax papers

For tax years before 2018, many people were eligible for tax deductions for the expenses incurred during a move. People who relocated simply filled out IRS Form 3903 to claim eligible deductions from moving expenses. However, the tax reform changed things. For 2018, moving expenses may only be deducted by members of the military who …

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