Reminder: Moving Expenses Taxable


As a reminder, all employee moving expenses reimbursed or paid by the University are taxable to the employee effective January 1, 2018 due to the passage of the Tax Cuts and Jobs Act on December 22, 2017.

Moving expenses reimbursed or paid will be considered wages for income and employment tax purposes. Reimbursements or payments for employee moving expenses must be reported as wages on Form W‐2 and all applicable withholding taxes will be withheld and reported.

Due to the reimbursement processing requirements, there may be a delay between the reimbursement payment and the tax withholding applied to the payment on the employee’s pay check.

If you have any questions or concerns, please contact Kelly Peterson, Associate Director, Tax Services and Payroll Accounting at Kelly.Peterson@admin.utah.edu or Scott Patten, Associate Director, Accounts Payable at Scott.Patten@admin.utah.edu.

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Tax Law Update: Moving Expenses now Taxable

All employee moving expenses reimbursed or paid by the University are now taxable to the employee, as of January 1, 2018 due to the passage of the Tax Cuts and Jobs Act on December 22, 2017.

Moving expenses reimbursed or paid will be considered wages for income and employment tax purposes. Reimbursements or payments for employee moving expenses must be reported as wages on Form W‐2 and all applicable withholding taxes will be withheld and reported.

If you have any questions or concerns, please contact Kelly Peterson, Associate Director, Tax Services and Payroll Accounting at Kelly.Peterson@admin.utah.edu.

Please be sure to visit the Household Moves page for more information.

 

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