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WiseGuides Study Tools for Accounting and Tax Professionals (813-670-9473)

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Moving Expense


Product Description

Moving Expense
Delivery: Text Based
Instructor: WiseGuides
Credit Hours: 2
Field of Study: Federal Tax
Approval: IRS, CTEC
Course Description:

2017 TCJA Changes

After 2017, moving expenses are generally not deductible. The Tax Cuts and Jobs Act (TCJA), passed
late in December 2017, suspended the deduction for moving expenses for tax years 2018 through 2025.
 This also means that beginning January 1, 2018, any moving expense reimbursement an
employer provides to an employee for expenses incurred after 1/1/18 will be considered income
to the employee and taxed as such.
Armed Forces moving expense deductions and exclusions continue after 2017. There is an
exception to this provision of the TCJA for members of the armed forces on active duty who
move pursuant to a military order and incident to a permanent change of station.
> NOTE. Aside from qualified moving expenses incurred by members of the Armed Forces, this
course applies to tax year 2017 and for purposes of amending or preparing tax years prior to
After completing this course you will be able to:
 Determine if the general moving tests are met
 Determine if an Armed Services member meets the eligibility criteria
 Determine if a retiree meets the eligibility criteria
 Determine if specific types of moving expenses are deductible
 Determine how employers report moving expense reimbursements
 Determine if a reimbursement is paid under an accountable or nonaccountable plan
 Determine when to deduct moving expenses
 Figure a taxpayer's moving expense deduction

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