Account Codes: Detail
10790-Moving - Employee - Nontaxable
Description:
The Tax Cuts and Jobs Act of 2017 has suspended the deduction for moving expenses for tax years beginning after Dec. 31, 2017, and goes through Jan. 1, 2026. All moving expenses, including those paid to a third party, are taxable.
Account Type Code: 67
Data Entry Status: Y (Yes)
Tax Reportable Status: EM - Employee W-2 Reportable Income