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…
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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…
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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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The tax reform’s impact on relocation has been widely discussed, but there’s one effect that hasn’t been part of the conversation: What happens when an employee has to pay back a relocation allowance? This subject was addressed in Pete Scott’s recent…
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