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The 2018 U.S. tax filing season begins January 28, 2019, according to the Internal Revenue Service (IRS). To assist transferees with preparing their 2018 returns, Worldwide ERC® provides annual filing season tips. This year’s information is lengthier than usual, tailored to the numerous tax changes for 2018, and delivered in language that can be shared directly with the transferee.
The moving expense deduction was suspended for 2018 through 2025 in the tax reform act of 2017. Therefore, moving expenses will not be deductible on your 2018 federal tax return. However, there are some circumstances in which you may still be entitled to moving expense breaks.
If you are deducting moving expenses on a state return, or are a member of the active duty armed forces moving pursuant to a military order, here are several items deductible as moving expenses that are sometimes overlooked:
Other filing season tips:
Other significant changes made by the 2017 tax reform law:
The 2018 return will be due on Monday, April 15, 2019, except in Maine and Massachusetts: the occurrence of the Patriots’ Day holiday on April 15 in those states, and the Emancipation Day holiday observed on Tuesday, April 16, in Washington, D.C. shifts the due date in Maine and Massachusetts to Wednesday, April 17.
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Mobility is Worldwide ERC®’s monthly magazine, delivering industry and business news and updates, as well as insights on global talent mobility programs, tips and trends.