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March 13, 2021
Question

I received a relocation bonus when starting a new job. I have not moved yet due to covid. Do I include this bonus in the moving expenses?

  • March 13, 2021
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1 reply

March 13, 2021

You need to include the bonus in your income, however it could be already included in your W-2 from the employer. Moving expenses are not deductible in 2020. Tax reform suspended the deduction for most people until the 2026 tax year.