question about moving/relocation allowance

[deleted1100659]

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New job has 12k relocation allowance....I was wondering, if the hospital pays for the moving company directly, without reimbursing me, is this income still taxable? Since technically I never received that money? Or would it be the same thing if I paid for movers, and the money was reimbursed to my account?

anyone have experience with this?

 

[WisNeuro]

Depending on when people did this will determine their experience as the rules changes somewhat with the 2017 legislation.

Relocation Tax Gross-Ups - Tax Status of Relocation Expenses

Learn everything you need to know about relocation tax gross-ups and how this approach can keep the relocation experience positive with our beginner's guide.

www.urbanbound.com

 

[deleted1100659]

very useful! Its definitely important to consider how much a moving/relocation bonus is once you factor in taxes, that's a nice lesson.

 

[barnebasguitano]

From my experience, some companies offer relocation allowances, but it really depends on the gig. If you're negotiating with a new employer, it never hurts to ask about what they might cover for moving costs. Some places are super generous, others not so much.

As for long distance moving company, they can be a game-changer if you're going cross-country or even just a few states over. It's all about finding one that's reliable and won't break the bank. Check reviews, get quotes, and don't be afraid to haggle a bit.

 

[WisNeuro]

Did you just resurrect a thread to congratulate a deleted user? Also, are you simply a bot who is trying to establish a post history before spamming the hell out of these forums?