November 1, 2009
should i expect to pay more in taxes due to relocation with my company?
johnny a asked:
I moved to the east coast with my company who gave me a stipend for relocation. Does this mean i will need to pay more in taxes?
Relocating to GA
I moved to the east coast with my company who gave me a stipend for relocation. Does this mean i will need to pay more in taxes?
Relocating to GA
Filed under Relocating to GA by .
Comments on should i expect to pay more in taxes due to relocation with my company?
11:42 am
Relocating to GA
Consult a qualified tax adviser. There were a lot of deductions I was able to take when I relocated a few years ago. I ended up with a very large refund from Federal.
8:19 pm
Relocating to GA
You can deduct most of your moving expenses. Chances are you will pay less taxes this year.
12:05 am
Relocating to GA
You can deduct most of your moving expenses (basically everything but food). If your stipend was higher than the moving expenses, you will owe tax on that difference. If the stipend was lower than the expenses, you’ll actually pay less in tax.