How This Impacts Mobility
By making the reinstatement retroactive to 1 January, 2019, it allows many thousands of employees who moved in 2019, and their employers, to obtain immediate financial relief when filing their 2019 tax returns. The companies involved in relocation, including the household goods moving industry, relocation management companies and destination service providers are crucial to the American economy. This deduction and exclusion will help companies offset the expenses associated with changing operations due to the pandemic, stimulate the economy, and allow Worldwide ERC®’s members to continue safely moving individuals. Should any member have questions regarding this letter, please reach out to Vice President, Member Engagement and Public Policy Rebecca Peters, firstname.lastname@example.org.