 TITLE: Are Moving Expenses Tax Deductible? CONTENT: What if My Company Pays My Moving Expenses?\n-------------------------------------------\nThe 2017 tax reform also changed how payments employers make to employees to cover moving costs are taxed. Before 2018, those reimbursements were treated as \"above the line\" deductions from your taxable income: Even if you didn't claim any itemized deductions on your tax return, you could still subtract moving expenses from your gross income before calculating your taxable income. Not under the new tax law: Now you must declare those reimbursements as income, and they are subject to tax.\nOne important exception to this could provide 2018 tax relief for a select few taxpayers: If your employer reimbursed you in 2018 for a move you completed in 2017, you do not have to pay tax on that sum. Details on this exception are spelled out in an IRS guidance memo.\nThese tax changes indirectly increase the cost of relocating for work, and you should plan accordingly if a move is in your future. Or sit tight until 2025 and see if Congress allows the old deductions to take effect once more. END