Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=23&t=298229
Blame Trump, and check out the new tax law.Anonymous User wrote:Just got my moving expense reimbursement and it was less than what I submitted... do they take taxes out? Wanted to check here before I go back to them...
You should also check out the new tax law. Deduction for moving expenses is gone.albanach wrote:If they're deducting taxes, you should have it detailed on a pay slip and included on your w-2. Then, if you meet the irs requirements, you can claim a deduction.
No direct experience, but I've heard from a few people this year that yes, moving reimbursements are taxed as income and subject to normal withholding.Anonymous User wrote:Just got my moving expense reimbursement and it was less than what I submitted... do they take taxes out? Wanted to check here before I go back to them...
If the firm paid for the moving expenses directly would this remedy the issue?Pneumonia wrote:No direct experience, but I've heard from a few people this year that yes, moving reimbursements are taxed as income and subject to normal withholding.Anonymous User wrote:Just got my moving expense reimbursement and it was less than what I submitted... do they take taxes out? Wanted to check here before I go back to them...
No. You're taxed the same whether the firm gives you the money or hands the money directly to the moving company. Otherwise people would be able to avoid paying income tax by having their companies pay their rent, car, gas, etc. for them in lieu of receiving cash salary.worklifewhat wrote:If the firm paid for the moving expenses directly would this remedy the issue?Pneumonia wrote:No direct experience, but I've heard from a few people this year that yes, moving reimbursements are taxed as income and subject to normal withholding.Anonymous User wrote:Just got my moving expense reimbursement and it was less than what I submitted... do they take taxes out? Wanted to check here before I go back to them...
Given how many games can be played with taxes, you just never know (I’m looking at you back door Roth).QContinuum wrote:No. You're taxed the same whether the firm gives you the money or hands the money directly to the moving company. Otherwise people would be able to avoid paying income tax by having their companies pay their rent, car, gas, etc. for them in lieu of receiving cash salary.worklifewhat wrote:If the firm paid for the moving expenses directly would this remedy the issue?Pneumonia wrote:No direct experience, but I've heard from a few people this year that yes, moving reimbursements are taxed as income and subject to normal withholding.Anonymous User wrote:Just got my moving expense reimbursement and it was less than what I submitted... do they take taxes out? Wanted to check here before I go back to them...
Unless you're JAG.BmoreOrLess wrote:You should also check out the new tax law. Deduction for moving expenses is gone.albanach wrote:If they're deducting taxes, you should have it detailed on a pay slip and included on your w-2. Then, if you meet the irs requirements, you can claim a deduction.