About 25k feds face new tax liability
- By FederalSoup Staff
- Apr 05, 2018
Thousands of federal employees whose work requires relocation will miss out on a tax deduction that helped them with the costs of their move, Government Executive reports.
The U.S. Tax Code President Trump signed into law earlier this year removed the tax deduction federal employees received for moving costs related to household goods, which affects many employees forced to relocate by their agency, such as air traffic controllers and many senior executives, according to the report.
The change has led to employees facing a one-time deduction from their paychecks of up to $7,000, according to the Senior Executives Association, which has been fielding complaints, the article notes, adding that about 25,000 federal employees per year are affected by the new tax liability.