As you may be aware, the government is working on tax reform for 2018. Part of the proposed legislation repeals the Moving Expense Deduction that has been in place in the past. If the proposed changes go into effect, costs to relocate employees will increase. The Worldwide Employee Relocation Council, a professional association for the mobile workforce, is working hard to achieve a reversal of the proposed appeal.
Visit Worldwide ERC’s site here, to learn more about the bill and it’s potential impacts on the relocation industry.
Please Note: This is not a political post regarding any party, but a blog explaining how the proposed tax reform would impact employee relocation and home ownership. We implore you to do your own research and come to your own conclusion.