#Moving expenses tax deduction 2016 code#
As written in the 2018 Form W-2 instructions, Code P is only used to show excludable qualified moving expense reimbursements paid directly to a member of the U.S. Q3: In the situations described in Q1 and Q2 above, does the employer report the moving expense reimbursements in Box 12 of Form W-2 with Code P?Ī3: No.
For more details, see Notice 2018-75 PDF. Also, the amount is excludable from wages and compensation. Q2: If an employer reimburses an employee after December 31, 2017, for moving expenses incurred before January 1, 2018, does the employee include the payments in income in 2018?Ī2: No, if the employee moved in 2017 and would have been able to deduct the expenses for the move if paid by the employee in 2017, the reimbursement of those expenses by an employer after Decemis excludable from income as a qualified moving expense reimbursement. Q1: If an employer pays a third party moving service provider after December 31, 2017, for moving one of its employees before January 1, 2018, can the employee exclude the payments from income in 2018?Ī1: Yes, if the employee moved in 2017 and would have been able to deduct the expenses for the move if paid by the employee in 2017, the payment of those expenses by the employer after Decemis excludable from income as a qualified moving expense reimbursement.
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