Global Mobility

The State of the Lump Sum: What Are Employers Doing?

12.4.18 | In light of tax reform, lump sum policies may appear more attractive again to employers. Since the Tax Cuts and Jobs Act (TCJA) took effect January 1, moving expenses (for the most part) are no longer tax deductible….

Moving Expenses Still Deductible in 11 States

11.28.18 | When the Tax Cuts and Jobs Act (TCJA) took effect in January, moving expenses were no longer deductible – except for military moves. Nearly a year later, 11 states are not conforming to the TCJA due to their…

2019 FICA Wage Base Announced

The Social Security Administration has announced the new FICA wage base for 2019. The threshold will rise to $132,900 in 2019 from $128,400 in 2018, which is an increase of just over 3.5%. Social Security benefits will increase by 2.8%, the…

The IRS Clarifies Taxability of Moving Expenses Incurred Prior to 2018

Today, September 21, the IRS announced that they have decided to allow the exclusion of moving expenses paid in 2018 if they were incurred in 2017. There was uncertainty as to how the IRS would decide to treat these expenses….

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