What is a Moving expense deduction?
A moving expense deduction was a tax benefit that allowed employees to deduct qualifying relocation costs incurred while relocating for work-related reasons. The One Big Beautiful Bill Act permanently eliminates these deductions for civilian employees, with exceptions only for military personnel and intelligence community workers. Previously deductible expenses included transportation, storage, and travel costs for moves exceeding 50 miles. Taxpayers can maximize other strategies, like Traditional 401k contributions, to offset the loss of this deduction.
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