MOVING EXPENSES: 2018 THROUGH 2025
01.Core Concepts
(AND BEYOND, UNDER OBBBA) • OBBBA retains the TCJA treatment of moving expenses for tax years after 2025. • Moving expenses are not excludible from income and are not deductible unless they are for in-kind moving and storage expenses for members of the armed forces (or their spouse or dependents) on active duty that move pursuant to a military order and incident to a permanent change of station. • A similar exception applies for employees of the intelligence community, effective for tax years beginning after December 31, 2025.