Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
B
BBerry1
July 21, 2022
Question

Promotion and Relocating to a Remote role

  • July 21, 2022
  • 1 reply
  • 0 views

What are the steps I should take to learn his to address the changes in my pay and the purchase of a new home?

1 reply

Critter-3
Critter-3
July 21, 2022

If you are a waged employee who gets a W-2 at the end of the year then :

 

1) moving expenses are not deductible

2) your withholding will adjust with the wage increase automatically ... adjust your W-4 withholding if you feel like it is needed

3) purchase of a home is immaterial unless you can itemize deductions ... you can check at the end of the year on the return but nothing to do in advance.

S
SweetieJean
Employee
July 22, 2022

Also, if you are a W-2 employee, you cannot deduct any home office expenses.  If you are moving to a new state, look into state taxes.

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification